NZIM gets a good deal on New Zealand Management, pens deal to combine publication with Adrenalin's NZBusiness

  • Media
  • June 3, 2014
  • Damien Venuto
NZIM gets a good deal on New Zealand Management, pens deal to combine publication with Adrenalin's NZBusiness

The New Zealand Institute of Management has bought New Zealand Management magazine from McDonald Vague, the receiver appointed to the magazine's previous publisher, MediaWeb. 

Following this acquisition, the new owner struck up a publishing partnership with Auckland-based Adrenalin Publishing to resume publishing of the magazine, which is in its 60th year of circulation. 

“We think Adrenalin, which publishes NZBusiness and several other trade and professional titles, will soon get Management back on track as one of New Zealand's most respected professional publications,” said NZIM chairman Dan Coward in a release.

NZIM plans to publish Management in conjunction with Adrenalin-owned NZBusiness in a new combined format, which the release says will allow for increased distribution for each title. Editorially, Glenn Baker will continue to serve as the editor for NZBusiness and NZIM announced that it will appoint a new editor for Management, following the departure of MediaWeb's Toni Myers.   

In addition to purchasing the rights to publish Management, NZIM also purchased Executive Update, an electronic newsletter from the receivers.

MediaWeb went into liquidation in April and, according to a McDonald Vague report on the Companies Office website, the company owes creditors in excess of three million dollars.

The receivers' report initially valued MediaWeb's assets—in terms of trade debtors, fixed assets and intellectual property—at about 3.2 million dollars, but this isn't necessarily the amount the receivers will get from the liquidation.

McDonald Vague receiver Tony Maginness wouldn't comment on how much the magazine had been sold for, but he did say that it was less than initially hoped for.

He explained that the reason for this was likely because publishing of most of the MediaWeb titles stopped shortly after the company went into receivership—meaning that Management has not been published since April.

Maginness also said that the decline of the print industry resulted in caution on the part of prospective buyers, who were not willing invest significantly in a diminishing asset.

The company's business-to-business titles were also placed under additional pressure by the Intermedia Group, which fast-forwarded its move into New Zealand and thereby introduced two competitors to the market.   

Despite these encumbrances, the receiver says that most of MediaWeb's major titles have already been sold, with the exception of Travel and Trade, which still does not have a buyer.

This is a community discussion forum. Comment is free but please respect our rules:

  1. Don’t be abusive or use sweary type words
  2. Don’t break the law: libel, slander and defamatory comments are forbidden
  3. Don’t resort to name-calling, mean-spiritedness, or slagging off
  4. Don’t pretend to be someone else.

If we find you doing these things, your comments will be edited without recourse and you may be asked to go away and reconsider your actions.
We respect the right to free speech and anonymous comments. Don’t abuse the privilege.

MKTG announces Kimberly Kastelan as general manager

  • Advertising
  • February 15, 2019
  • StopPress Team
MKTG announces Kimberly Kastelan as general manager
Fleur Skinner, Kimberly Kastelan

Kimberly Kastelan is the new general manager MKTG in New Zealand, a promotion from her previous role as the agency's group account director. The appointment follows Fleur Skinner’s resignation.

Read more
Next page
Results for

StopPress provides essential industry news and intelligence, updated daily. And the digital newsletter delivers the latest news to your inbox twice a week — for free!

©2009–2019 ICG Media. All rights reserved.
Use of this site constitutes acceptance of our Privacy policy.


Contact Vernene Medcalf at +64 21 628 200 to advertise in StopPress.

View Media Kit