MediaWorks NZ tipped to be next
In New Zealand, it appears that NZME, owned by APN here; is not the only business about to be put on the stock market.
APN announced their initial moves to spin off their New Zealand assets back in September. MediaWorks who are their direct competitors look set to do the same in 2015.
MediaWorks owns two television network stations, online properties and group of radio stations including The Edge, The Rock, More FM and Radio Live.
MediaWorks went belly up last year and was revived by US hedge fund Oaktree Capital. Oaktree are the same group who own just over 14% of the Nine Network in Australia.
MediaWorks is chaired by Australian Rod McGeoch,