From $1 to Millions – Sinead Boucher Sells 50% of Stuff Digital to Trade Me

New managing director appointed for Stuff Digital

Nigel Tutt would be rejoining the media company, more than a decade after previously leading the digital arm.

Why is Trade Me buying into Stuff? Explaining the stakes of an era-defining media deal

Two decades ago, when news organisations were global business titans able to buy fast-growing tech businesses, Stuff acquired Trade Me. This week’s transaction flips the script. Yesterday was a landmark day in the history of New Zealand’s news media, with each of our largest news publishers undergoing major shakeups in ownership, governance or both. Stuff Digital, the most popular free-to-access news site in the country, has a new co-owner, with…

From $1 to millions - Sinead Boucher sells 50% of Stuff Digital to Trade Me

Stuff owner Sinead Boucher, who bought the company for just $1 five years ago, has announced a partial sale of the company’s digital arm to Trade Me - a likely lucrative multi-million-dollar payday. As Media Insider first revealed in March, Trade Me - which has been in an intense battle with NZME’s OneRoof property platform - is buying into Stuff Digital, including the Stuff news website. Details of the price paid by Trade Me for the 50% stake h…

Property pays the bills for news media

Stuff's half-and-half deal with Trade Me for its digital wing is a full circle moment for the publisher. The outfit that's attracted ads so successfully is now a co-owner. And Stuff's main rival is also pondering what to do with its profitable property...

NZME declares peace, Stuff and TradeMe declare war

The battle to control NZ Herald owner NZME ended on Tuesday with shareholders endorsing a peace deal – just as major rivals Stuff and TradeMe joined forces to form an audacious new competitor.NZME shareholders voted former National cabinet minister Steven Joyce onto its board, replacing outgoing chair Barbara Chapman, and approved corporate raider Jim Grenon as another new face. Incumbent director Sussan Turner won re-election and re-joined two …

From $1 to millions – Sinead Boucher sells 50% of Stuff Digital to Trade Me

Stuff owner Sinead Boucher , who bought the company for just $1 five years ago, has announced a partial sale of the company’s digital arm to Trade Me – a...