NZX selling off online media business

Last updated 15:35 24/01/2014

Relevant offers

Industries

NZAS expecting tougher market conditions Job hunters vetting employers' online review websites Fox Glacier helicopter company licence suspended after fatal crash Bluff oysters fly out the door, no matter what price Is VDSL broadband as quick as ultrafast broadband in New Zealand? Sanford CEO Volker Kuntzsch defends onboard monitoring cameras Mitre 10 sold more than 400 dehumidifiers at risk of overheating Property buy-up helps boost Stride Property profit by a third Panama Papers: Lax NZ tax laws helping convicted former Kazakh PM to live in luxurious exile Finance diary

NZX will sell its online media business NewsRoom to Auckland-based Sublime Group, for an undisclosed sum.

The move follows a strategic view of options for the business.

NewsRoom began publishing in 1996 and was bought by NZX in 2007. It sells news feeds to companies, law and accounting firms and government departments.

NZX said the sale would take effect on Friday next week.

Auckland-based Sublime Group provides services to automate manual business processes.

NZX said the sale would not have a material impact on NZX's financial results.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content