Who owns Neighbourly?
“Neighbourly is a New Zealand owned (remember that bit) social media site creating easy ways for neighbours to talk and connect.”
Neighbourly, The Bay Comical, Northern News, Sunday Star Times and various other publications are, according to Wikipedia, owned by “Stuff.”
Here's where it gets interesting:
Stuff is a New Zealand news media website owned by Stuff Ltd, a subsidiary of Australian company Nine Entertainment Co. Stuff is the biggest media website in New Zealand, with a monthly unique audience] of more than 2 million. Is that New Zealand owned?
On 26 July 2018, Nine Entertainment Co. and Fairfax Media (Australian owned) announced they agreed on terms for a merger between the two companies to become Australia's largest media company. As a result of the merger, Nine shareholders own 51.1 percent of the combined entity and Fairfax shareholders own 48.9 percent”.
So, how can an organisation 100% owned by “ Australia's largest media company” legitimately claim to be “New Zealand owned?”
Interesting.
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