The Intermedia Group, which owns over 70 media titles in Australia, has announced that it will release two business-to-business titles in the New Zealand market within the next few months. This move comes only a few weeks after it was confirmed that MediaWeb, which was previously active in both the FMCG and hospitality markets, went into receivership. And although the Intermedia NZ general manager didn’t say that there was a correlation between the MediaWeb receivership and Intermedia’s decision to enter the market, he did admit that situation at MediaWeb influenced the timing of the move. Update: the receivers are accepting tenders from interested parties for all MediaWeb’s assets.
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MediaWeb receivership fast-forwards Intermedia move into New Zealand—UPDATED