WELLINGTON — Struggling New Zealand media giant Stuff Limited was sold in a management buy-out deal for the symbolic fee of NZ$1.00 (US$0.61), the group’s Australian owners Nine Entertainment announced Monday. Nine said that Stuff chief executive Sinead Boucher would take over the company, which operates New Zealand’s most popular news website, stuff.co.nz, and titles […]
Media giant ABS-CBN on Wednesday promised to continue paying its debts to banks even after the government had shuttered its main business, broadcasting, threatening thousands of jobs.On Tuesday, a day after ABS-CBN’s 25-year franchise expired, the National...
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