That is exactly what it is.
Printable View
While I strongly agree with you, it depends on what cost synergies the combined entity could potentially achieve, and the diversification of their revenue streams could also make them less risky.
Discussing with Mr T tho, I feel it makes it less likely it would be acquired in the future as it becomes a much more complicated acquisition target.
One would have to question why Sky thinks it could make the outdoor, radio and Tv play work when it already didnt work when TV3 was involved.
From the 2018 merger spiel
It will be difficult to match the combined capabilities of this new multi-media group in New Zealand. This strategic approach is at the forefront of developing global industry trends and is the right decision, with the right partner and at the right time for QMS
NBR states revenue (possibly for the current Mediaworks without TV3 entity) at 205m (possibly annual).
Look guys, Mediaworks was in receivership. The company continues to make a loss.
Sky, if they are proceeding with a purchase, will pick this up for peanuts. The alternative is that Mediaworks can IPO and fail.
ah missed that one in all the posts
funny (and dumb story) - about a year and a half ago I put in a purchase order of sky. Not a big one at all by any means....I just thought maybe nice to have a taste...but right after the order lodged I thought WTF have I just done did I really just buy Sky, and went and tried to cancel it so I could think about it some more. Within that 10 second period I wound up buying about a thousand shares, which are now up substantially. that little moment of doubt cost me a lot of paper money!