Stuff fails in bid to acquire MediaWorks as Murdoch family eyes NZ radio
Stuff Group's attempt to buy radio company MediaWorks has failed, with reports suggesting Lachlan Murdoch's company is now positioned to acquire it.
Stuff Group, which owns The Post, has been unsuccessful in its bid to purchase MediaWorks. Speculation about a management buyout at the radio company appears to be waning. Reports indicate that Lachlan Murdoch's company is now in line to potentially acquire MediaWorks, potentially marking a return for the Murdoch family to New Zealand media ownership.
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Stuff
Murdoch family on track to return to New Zealand media
Media company Stuff Group, owners of The Post, has failed in a bid to buy radio company MediaWorks, according to reports.
NZ Herald
Media Insider: Stuff fails in bid to acquire MediaWorks radio firm; Lachlan Murdoch’s company in line – report
Speculation of a management buyout at MediaWorks is starting to peter out.