According to Yahoo! New Zealand Business and Finance, Brendon Gibson, from the financial advisory firm KordaMentha, has advised that the settlement of the sale of MediaWorks NZ Limited to MediaWorks Holdings Limited has been postponed."Settlement had originally been planned for 30 September. However, a small number of complex commercial arrangements are still being negotiated with suppliers. This is not uncommon in a complex transaction of this nature, so this delay is unsurprising," … [Read more...] about MediaWorks sale postponed
KordaMentha
New Zealand’s MediaWorks in receivership
MediaWorks NZ, the broadcaster whose stable includes TV3 and Four, and radio stations including Radio Live, the Rock and MoreFM, was placed into receivership on June 17, 2013. Mediaworks NZ Limited funders have appointed Brendon Gibson and Michael Stiassny of KordaMentha – a financial advisory firm, to oversee the receivership of the company and its subsidiaries. Gibson and Stiassny both reassured customers of no further changes during the on-going process of the receivership. … [Read more...] about New Zealand’s MediaWorks in receivership
