Stuff CEO Sinead Boucher buys the company, announces 'great new era'
Colm McGrath • May 24, 2020
Stuff CEO Sinead Boucher buys the company, announces 'great new era'
Bold, brave and positive are some of the words being used to describe a management buyout of Stuff by the company's chief executive Sinead Boucher.
Boucher has bought Stuff from its Australian owners Nine Entertainment for $1, ending months of speculation about a potential takeover.
She has signalled plans to develop an ownership model that would give staff a shareholding stake in the business.
Broadcasting Minister Kris Faafoi said the deal "maintains plurality and competition in New Zealand's news media, as well as making Stuff New Zealand-owned again".
"This is a bold move by Sinead and demonstrates her passion and commitment, both as a journalist and as chief executive of Stuff," he said.
Boucher has bought Stuff from its Australian owners Nine Entertainment for $1, ending months of speculation about a potential takeover.
She has signalled plans to develop an ownership model that would give staff a shareholding stake in the business.
Broadcasting Minister Kris Faafoi said the deal "maintains plurality and competition in New Zealand's news media, as well as making Stuff New Zealand-owned again".
"This is a bold move by Sinead and demonstrates her passion and commitment, both as a journalist and as chief executive of Stuff," he said.
There is speculation that bringing Stuff back into local ownership could make it more politically-palatable for the Government to put together a more comprehensive package of aid for the media sector that included Stuff.
Read the full article on Stuff here.
The Friends of Ireland The Tara Trust wish all of New Zealand a Happy Waitangi Day
Finishing our celebration of St Brigid's Day. We finish celebrating St Brigid's Day with our last exceptional woman. Thank you to all the women who kindly allowed us to profile them and their achievements in NZ. In collaboration with IBNNZ, St Patrick's Festival NZ, Embassy of Ireland New Zealand, and Mná na hÉireann we will be celebrating exceptional women in NZ. Brigid is the patron saint of poets. But that’s not all – she’s also the patron saint of midwives, newborns, Irish nuns, fugitives, blacksmiths, dairymaids, boatmen, chicken farmers, cattle, scholars, sailors, and no doubt many more. She is also, along with Patrick and Columcille, one of the three patron saints of Ireland. 1st of February - also marks the first day of Spring in the Northern Hemisphere.
Continuing our celebration of St Brigid's Day. In collaboration with IBNNZ, St Patrick's Festival NZ, Embassy of Ireland New Zealand, and Mná na hÉireann we will be celebrating exceptional women in NZ. Brigid is the patron saint of poets. But that’s not all – she’s also the patron saint of midwives, newborns, Irish nuns, fugitives, blacksmiths, dairymaids, boatmen, chicken farmers, cattle, scholars, sailors, and no doubt many more. She is also, along with Patrick and Columcille, one of the three patron saints of Ireland. 1st of February - also marks the first day of Spring in the Northern Hemisphere.
