Several generations of the Fairfax family continued to control the company. Fairfax Media today told 70 of its editorial team their jobs will go as part of a proposal the company says will save it money. As part of the merger proposal, Stuff's Australian owner Fairfax Media would have received a 41 per cent stake in the combined business plus $55 million cash. Stuff Ltd (previously Fairfax New Zealand) is a privately held news media company operating in New Zealand. Hywood noted the NZ division's strong digital assets put it in the box seat to participate in any domestic media consolidation. Fairfax Media Group more than halved the value of its Kiwi assets. "Digital revenue is expected to grow, albeit from a smaller base, which doesn't mitigate or offset print revenue declines.". Find out what works well at Fairfax Media from the people who know best. Boucher had first been employed by Fairfax as a branch office reporter for The Press in 1993. The Fairfax family lost control of the company in December 1990. [10] In November 2019, NZME confirmed that it had entered into negotiations with Nine Entertainment to purchase Stuff and submitted a proposal to the New Zealand Government regarding a "possible transaction." That will take some time, with Stuff's print advertising revenue sliding 17 per cent to $140.8m. A tie-up with free-to-air TV and radio operator MediaWorks has been mooted as an option if Stuff is carved out in the Nine deal. [22] Andrew Boyle was acting managing director until Simon Tong started as managing director in September 2013. Stuff's earnings before interest, tax, depreciation and amortisation shrank 27 per cent to $40.5m in the year ended June. Fairfax Media owns the Waikato Times, The Dominion Post, The Press, The Sunday Star Times, many other newspapers - and the website stuff.co.nz. Sydney-based Fairfax is pursuing a A$2.2 billion deal with Nine Entertainment Co where the television company will effectively take over the publisher in Australia's biggest media consolidation since rules were changed allowing the ownership of print, television and radio assets. We own 67 newspapers from major mastheads such as the Dominion Post, Sunday Star Times and the Independent through to community papers such as the Suburban Newspapers Group. 7 Followers. Remember Me Next Time Forget Me Change Password © 2021 Stuff Limited 2021 Stuff Limited Welcome to Nine for Brands. Fairfax Media Salaries trends. Fairfax hasn't given up hope the New Zealand Court of Appeal will overturn decisions blocking a planned merger of Stuff with Kiwi rival, NZME. At the current rate of decline in print advertising and subscriptions - about 13 per cent - it will be five more years before digital and other revenue surpasses that income provided the new income streams can maintain a 19 per cent growth rate. History; 1950s to 1999 February 1, 2018 Fairfax Media New Zealand has rebranded to Stuff, reflecting the company’s focus on building a portfolio of digital businesses while continuing to … Welcome to the Metro Publishing Subscriber Support Centre. It accounted for A$16.2m of the group's A$36m of annual restructuring and redundancy charges. Now you can read Stuff Digital Edition anytime, anywhere. Mr Carter said the request was declined but confirmed that Parliamentary Service handed over Vance’s swipe-card access records. Where Australia Connects. Fairfax slashes value of NZ business Stuff as Nine merger looms 15 Aug, 2018 01:35 AM 4 minutes to read Fairfax Media Group more than halved the value of its Kiwi assets. The company operates through Australian Community Media, Metropolitan Media, New Zealand Media, Radio, and Other segments. “The information related to a specific period that the inquiry identified. Trusted local business listings and maps. Email Address. North Island Phone: 0800 339 000 South Island Phone: 0800 339 100 Web: https://my.stuff.co.nz subscribers@stuff.co.nz Live: Growing frustration over Covid-19 lockdown breaches, as new link uncovered [24] Tong was succeeded by Boyle as acting managing director until Sinead Boucher was appointed chief executive officer in August 2017. Delivery agent for Central Leader (Former Employee) - Auckland City, Auckland - 29 February 2020. NZME proposed a "Kiwishare" arrangement that would ringfence Stuff's editorial operations and protect local journalism. The board declared a final dividend of 1.8 Australian cents per share, payable on September 6. On 2 May 2017, the Commerce Commission declined to approve the merger. Stream Tracks and Playlists from Fairfax Media NZ on your desktop or mobile device. The Fairfax Media collection also offers substantial photographic coverage of New Zealand sourced from over 90 of the country's newspapers and magazines. Earnings were squeezed by a $3.4m provision as the media group reassessed its Holidays Act liabilities and invested $2.6m in the Stuff Fibre telecommunications retail service provider. They would deliver papers to my house on time and ready to go. [27] Stuff Ltd also had a 49 percent share in New Zealand-based energy retailer energyclubnz. [23] Tong left in March 2017, just days prior to the Commerce Commission announcing their final decision on the proposed Fairfax New Zealand merger with New Zealand Media and Entertainment (NZME). [28], In 2019, Stuff Ltd launched a video platform, Play Stuff. Nine will retain all of the proceeds of the sale of wholesale broadband business Stuff Fibre to telecommunications company Vocus Group, and ownership of Stuff's Wellington printing press. [3], Stuff Ltd has been owned by Sinead Boucher[4] since 31 May 2020. Fairfax Media Limited engages in multi-platform media, marketing, and real estate businesses in Australia and New Zealand. "The pain of restructuring efforts will prove to be worth it as the benefits start to flow in future years and bring forward the time when increases in digital revenue will outweigh declines in print," chief executive Greg Hywood said in the annual report. Media and Entertainment. Fairfax Media Group more than halved the value of its Kiwi assets, attaching just A$40 million ($44m) to mastheads that were once the core of a billion dollar investment. That deal didn't place much emphasis on the opportunities provided by the New Zealand division, Stuff, which again had the value of its intangible assets slashed. The 28 titles are:[26], In November 2017 Stuff Ltd took full ownership of hyper-local social media network Neighbourly, having first bought a 22.5 percent stake in December 2014. Phone Number +64 9 925 9700. This marks the return of the company into New Zealand ownership. Compare pay for popular roles and read about the team’s work-life balance. For information about your newspaper or digital subscription, please select a tile below. Headquarters Regions Asia-Pacific (APAC), Australasia. As the home of Australia’s most trusted and loved brands spanning News, Sport, Lifestyle and Entertainment, we pride ourselves on creating the best content, accessed by consumers when and how they want, while celebrating our ability to give the shared experiences to audiences, the ones that connect us together. [19][20][21], Allen Williams was chief executive officer of Fairfax New Zealand Limited from April 2009 until April 2013, when he was promoted to managing director of Australian Publishing Media. [5][6], The print publications and the Stuff website previously belonged to Independent Newspapers Limited, until they were sold to Australian company Fairfax Media in 2003. It was renamed from John Fairfax Holdings to Fairfax Media in 2007. An indicator", "Deloitte Top 200: Finalists announced for celebration of Kiwi business", "INMA reveals Global Media Awards winners, Helsingin Sanomat takes top prize", https://en.wikipedia.org/w/index.php?title=Stuff_(company)&oldid=1006072163, Short description is different from Wikidata, Use New Zealand English from September 2016, All Wikipedia articles written in New Zealand English, Creative Commons Attribution-ShareAlike License, INMA (International News Media Association) Global Media Awards, Best new concept or innovation to create new profit centres, Best idea to grow advertising sales or retain advertising clients, Best idea to encourage print readership or engagement, This page was last edited on 10 February 2021, at 22:02. All-you-can-read digital newsstand with thousands of the world’s most popular newspapers and magazines. For the British publication, see, "New Zealand's Top Local News Sites - July 2018", "Fairfax NZ acquires Neighbourly website", "New Zealand media group Stuff to be sold to chief executive Sinead Boucher for NZ$1", "Stuff's journey from newspaper pioneer to website to 'portfolio' business", "Stuff to push hard into digital markets after rebrand", "NZME Limited; Fairfax New Zealand Limited", "Stuff, NZME lose at Court of Appeal over merger", "Nine will 'focus on the long term' with bids for Stuff below fair value", "NZME confirms it is in discussions to buy Stuff", "Kiwishare model mooted to protect journalism in new NZME-Stuff takeover bid", "Nine Network says talks with NZME over Stuff acquisition were 'terminated' last week", "World Politics Pacific Te Ao Māori Sport Business Country Local Democracy Reporting Comment & Analysis In Depth Weather BUSINESS MEDIA & TECHNOLOGY11 May 2020 NZME makes offer to buy rival Stuff for $1", "Media firm NZME set out to hurt Stuff as buyout bid turned sour - lawyer", "NZME declined an interim injunction against Stuff owner Nine", "NZME loses interim injunction against Stuff owner Nine", "Stuff ownership to return to NZ after management buy-out", "Stuff sold for $1 to CEO Sinead Boucher by Nine Entertainment", "Stuff chief executive Sinead Boucher buys company for $1", "Fairfax appoints NZ chief operating officer", "Sinead Boucher named as Stuff chief executive", "Fairfax to sell or close 28 print mastheads", "Stuff takes 100% ownership of Stuff Fibre", "Former Genesis Energy retail head Goadby teams up with Fairfax for 'at-cost' energy 'club, "How much did Vocus pay for Stuff Fibre? 4 talking about this. [2] Stuff also owns social media network Neighbourly. In June 2018, the companies appealed the Commission's decision at the New Zealand Court of Appeal, which rejected their merger bid on 25 September 2018. In 2016, Stuff Ltd (then known as Fairfax New Zealand) and media company New Zealand Media and Entertainment (NZME) sought clearance from the Commerce Commissionto merge their operations in New Zealand. They were fast and efficient and gave a decent pay for the work done. Community newspaper distributing 7,981 newspapers to Waiheke Island homes, businesses and ferries … Print subscriptions were also down 5.9 per cent to $95.2m. Stuff Digital Edition is available to you at home or at work, and is the same edition as the printed copy available at the newsstand. Join to Connect Fairfax Media NZ. Contact Email info@fairfaxmedia.co.nz. News Director at Fairfax Media NZ Canterbury & West Coast, New Zealand 158 connections. [9], In December 2018 Fairfax Media merged with Australia's Nine Entertainment. John Fairfax purchased The Sydney Morning Herald in 1841. It was called Fairfax New Zealand Limited until 1 February 2018. The Fairfax family retained control of the business until late in the 20th century. [29], On 20 May 2020, Stuff sold Stuff Fibre to Vocus[30] and sold its share of energyclubnz back to its founder.[31]. Salaries posted anonymously by Fairfax Media employees in New Zealand. Company Type For Profit. Fairfax Media was founded by the Fairfax family as John Fairfax and Sons, later to become John Fairfax Holdings. [5] In 2016, Stuff Ltd (then known as Fairfax New Zealand) and media company New Zealand Media and Entertainment (NZME) sought clearance from the Commerce Commission to merge their operations in New Zealand. The New Zealand unit also bore the brunt of restructuring costs in a year when it sold or closed a third of its unprofitable community and regional publications. The company reported a net loss of A$53.6m, due to A$175.9m of impairments on the Stuff and Australian community divisions. Or contact the newsroom on 0800 788 335. Revenue fell 7.5 per cent to $301.4m. [17][18], On 25 May, Nine Entertainment agreed to sell Stuff to Stuff's chief executive Sinead Boucher for NZ$1, with the transaction due to be completed by 31 May. Fairfax Media was a media company in Australia and New Zealand, with investments in newspaper, magazines, radio and digital properties. Fairfax Media NZ is an innovative and digitally progressive media company. [3] In May 2018 Stuff Ltd took full ownership of internet service provider Stuff Fibre, which won the People's Choice Award, NZ Broadband Provider of the Year, Best Fibre Broadband Provider, and Best Broadband Innovation at the 2019 Broadband Compare Awards. Stuff Digital Edition. As part of the merger proposal, Stuff's Australian owner Fairfax Media would have received a 41 per cent stake in the combined business plu… The print publications and the Stuff website previously belonged to Independent Newspapers Limited, until they were sold to Australian company Fairfax Media in 2003. Send your news tips, photos and videos to newstips@stuff.co.nz. NZ House & Garden Contact Customer Support If you have any questions about your digital subscription or Stuff Newspaper Digital Edition please contact Customer … Fairfax Media NZ Fairfax Media is the largest integrated metropolitan, rural and regional, magazine and digital media company in Australasia, with publications and websites in every State and the ACT in Australia, and throughout New Zealand. The ASX-listed shares fell 3.1 per cent to 86.25 Australian cents, having gained 14 per cent so far this year. NBR's rich list: Hart on top, Steven Adams the $50m man, ComCom sues ticket reselling site Viagogo, Simon Wilson: What lies beneath: The trial of the 'dirty politics' man from Parnell, ANZ fined $280,000 for misleading credit card insurance policies, Air NZ warns frequent flyers of data breach, Auckland port bosses' date with council over 'disappointing' results, Dismal defeat: Australia destroy Black Caps to set up decider, Highlanders stun Chiefs with incredible comeback, Watch: 'Keep your hands up!' [7][8] In October 2018, Stuff and NZME abandoned their first merger attempt. 18 salaries for 17 jobs at Fairfax Media in New Zealand. The Fairfax Photographic Archive consists of millions of negatives, hard-copy prints and digital images taken for some of Australia’s best-known mastheads, including The Sydney Morning Herald, The Age, The Australian Financial Review, The Illawarra Mercury, The Newcastle Herald and The Canberra Times. Connecting People through News. [13][14][15] In response, NZME filed an emergency junction at the Auckland High Court to force Nine Entertainment back into negotiations. Uncover why Fairfax Media is the best company for you. Password. The phone line is paid for by Fairfax Media, the publisher of The Dominion Post. - Armed cops arrest man after tense standoff. [25], Stuff announced in February 2018 that it would close or sell 28 of its smaller community and rural mastheads. Welcome to Stuff Digital Edition! I found the work for Fairfax media good. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Other experiments include the 49 per cent stake Stuff has taken in start-up power retailer energyclubnz - which takes long-term contracts with Vector and delivers electricity to its members 'at cost'. Fairfax Media Cannes. Stuff Ltd has won both national and international awards for its corporate leadership and management. It operates Stuff, the country's largest news website, and owns nine daily newspapers, including New Zealand's second and third-highest circulation daily newspapers, The Dominion Post and The Press, and the highest circulation weekly, Sunday Star-Times. [5] In July 2019, Nine Entertainment attempted to sell Stuff but did not receive any adequate bids. Newspapers provide a unique view of the past and can help us understand and connect with the people, events and attitudes of an earlier time. The New Zealand division's performance lagged behind a 1.2 per cent increase in group ebitda to A$274.2m, despite a 3.1 per cent revenue decline to A$1.69b. Stuff's digital revenue climbed 21 per cent to $47.8m, driven largely by Stuff Fibre and Neighbourly. Vast selection of top stories in full-content format available for free. Contents. Fairfax attributed the growth to greater use of those services by its existing 2.1 million online audience. Subscriber Support Centre. Fairfax is New Zealand's largest media company, operating across three divisions: newspapers, magazines and interactive/online. Those assets were valued at $1.12b in 2003 when the formerly Australian family-owned media group bought the Kiwi business from Rupert Murdoch's Independent Newspapers Ltd. "The New Zealand media business is facing similar structural print revenue declines as Australia," Fairfax said in its annual report. Greymouth High School. About Fairfax Media Newspapers.com is the largest online newspaper archive consisting of 2 Million+ pages of historical newspapers from 3 newspapers from around the United States and beyond. In response, Stuff's parent company Nine Entertainment terminated further discussion with NZME. [1] Magazines published include TV Guide, New Zealand's top-selling weekly magazine. We are in 85 different locations across New Zealand. Fairfax Media Limited [ASX:FXJ] is an innovative and digitally progressive media company in Australia and New Zealand - the trusted voice informing, engaging and entertaining audiences and communities via newspapers, websites, radio stations, events and dynamic digital venues. Or contact the newsroom on 0800 788 … Fairfax Media is New Zealand’s leading media organisation, connecting with 83.9%* of New Zealanders every day. Some of our products include stuff.co.nz, Cuisine, TV Guide, The Dominion Post and The Sunday Star Times. Operating Status Active. This article is about a New Zealand news media company. Missed Papers / Deliveries. Other revenue gained 14 per cent to $17.6m. Fairfax cut A$60.5m from the value of Stuff's licences, mastheads and trade names - including the Sunday Star-Times, Dominion Post and Press newspapers - to A$39.8m. Listen to Fairfax Media NZ | SoundCloud is an audio platform that lets you listen to what you love and share the sounds you create.. 4 Tracks. Sign in to Newspapers.com using either your Newspapers.com, Ancestry or Facebook account credentials. The company was founded by John Fairfax as John Fairfax and Sons, who purchased The Sydney Morning Herald in 1841. Stuff Ltd. and NZME appealed the Commission's decision to the Wellington High Court, which upheld the Commission's decision on 18 December 2017. [11][12], On 11 May 2020, NZME offered to purchase Stuff for a symbolic $1 on the basis of saving jobs during the COVID-19 pandemic. Fairfax Media in New Zealand on Yellow®. [16] On 19 May, the Auckland High Court rejected NZME's bid for an interim injunction against Nine Entertainment. The website hosts free content sourced from content providers such as BBC, Reuters and the Press Association as well as local content from NZ On Screen and Bravo New Zealand.