Reuters - NZ Broadcaster MediaWorks in Receivership
New Zealand broadcaster MediaWorks Ltd has been placed in receivership after its private equity owners and bankers failed to agree on a refinancing deal, but new owners have been lined up, writes Reuters. Investors led by Australian businessman Rod McGeoch, a director of gaming company SkyCity Entertainment Group Ltd and chairman of Vantage Private Equity Ltd, are set to take over the company which operates New Zealand's TV3 and Channel 4 television networks, and a string of radio stations, writes Reuters.
17 June 2013•2 mins read
