Fairfax and NZME staff vent frustrations online after Commerce Commission denies media merger

share

Source:

1 NEWS

Following this morning's Commerce Commission decision to deny the proposed merger between the Fairfax NZ and NZME media companies, staff from both have shared their frustrations online.

The NZ Herald, Stuff and affiliates were attempting to create a huge NZ media empire.
Source: 1 NEWS

Announcing the decision today Dr Mark Berry of the Commission said the competition in the media environment would be lessened and the benefit to the public was not high enough to proceed.

"We accept there is a real chance the merger could extend the lifespan of some newspapers and lead to significant cost savings anywhere between $40 million to around $200 million over five years," he said in a release.

On the back of the Fairfax/NZME merger being rejected, we gathered people's thoughts on how they access their news.
Source: 1 NEWS

"However these benefits do not, in our view, outweigh the detriments we consider would occur if it was to proceed."

"This merger would concentrate media ownership and influence to an unprecedented extent for a well-established modern liberal democracy.

However numerous staff from both Fairfax NZ and NZME disagree with the decision and let their feeling be known on social media.

Here are a selection of their thoughts:

loading error

refresh