Fairfax Media Limited
(ASX:FXJ) has announced its New Zealand arm has formally responded to issues raised by the New Zealand Commerce Commission regarding its proposed merger with New Zealand Media and Entertainment Limited.
The submission was made in conjunction with NZME and addresses competition concerns raised by the local regulator.
NZME has delayed seeking shareholder approval for the merger until the outcome of the Commerce Commission determination is known.
The meeting with the regulator is scheduled for early December.
Fairfax Media Limited reported a net loss of $883.2 million at 30 June 2016.
