New Zealand Media and Entertainment (NZME) has purchased The Gisborne Herald’s publishing and digital assets.
Yesterday’s announcement sees NZME acquiring the Gisborne Herald’s five-day-a-week newspaper and its paywalled digital news website.
This follows NZME’s purchase of SunMedia’s three print publications and digital news website last week.
NZME chief executive Michael Boggs says The Gisborne Herald has a proud history in the region and plays an important role in the Gisborne community as the cornerstone of news reporting.
“The Gisborne Herald has served the region for 150 years and is highly regarded, having seen the local community through some incredibly challenging times, including the disastrous weather events impacting the region last year.
“We are committed to continuing its legacy, keeping locals in the know on the news that matters most to them.
“NZME has a number of established, high performing digital news platforms as well as vast experience in operating successful print publications that keep our communities and regions across New Zealand informed. We are confident our purchase of the Gisborne Herald’s publishing and digital platforms will ensure it is sustainable and continues to serve its community into the future,” Mr Boggs said.
Gisborne Herald managing director Michael Muir said: “We have had a long association with NZME and prior to that, former New Zealand Herald publisher Wilson and Horton Ltd, with them having a 49 percent interest in The Gisborne Herald since 1987.
“We are confident the sale of the publishing assets to NZME presents the very best opportunity for The Gisborne Herald to remain viable into the future, with NZME having such a strong stable of national, community and regional mastheads across the country, as well as a strong digital offering.
“We would like to thank our customers, our readers, and most of all our talented team of people at The Gisborne Herald for their loyalty and commitment,” Mr Muir said.
NZME will be working through a transition period with The Gisborne Herald team, which includes making formal employment offers to many of them in the coming weeks.
See also today's editorial: Securing Herald's future under NZME
2 comments
New Zealand Media and Entertainment has moved to full ownership of the Gisborne Herald’s publishing and digital assets - a newspaper that has served our region for 150 years.
I'm very sad, but thankfully - as your article states - this provides "the very best opportunity for The Gisborne Herald to remain viable into the future".
Avid readers can be glad of that.
I realise that our Gisborne newspaper is not locally owned any more. I hope this doesn't lower the good quality of news and information our newspaper is famous for.
It was nice to read your: "We are committed to continuing its legacy, keeping locals in the know on the news that matters most to them."
I am one of your happy readers who has nearly always found that so.
However, a quick look at the list of NZME shareholders revealed that one investor in their company is Citicorp Australia, which invests in dirty fossil fuels finance for Australia's coal industry, and helps fund Brazilian deforestation, cluster munition and nuclear weapons producers. They also fund biodiversity loss and much more. https://guide.ethical.org.au/company/?company=1342
All actions I'm very much against. Whether or not this negatively affects what NZME is already doing, I know not.
But as long as we're committed to continuing our newspaper's legacy, keeping locals in the know on the news that matters most, is what counts here.
Finally, from me and other keen readers, thanks to The Gisborne Herald for keeping our regular publication going.
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