New Zealand's largest media house bought by its CEO for just $1
Shortpedia
Content Team
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One of New Zealand's largest media organisations will be sold for a single dollar to its chief executive, as per the owners. The organisation Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. In a statement to the Australian stock market, Nine Entertainment said Stuff would be sold to CEO Sinead Boucher in a management buyout deal that will be completed by the end of the month.
