Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Sublime Group confirms major shareholding in Scoop Holdings

Media Release - Sublime Group - 30 January 2014

Sublime Group confirms major shareholding in Scoop Holdings Ltd

Sublime Group, recently finalised purchaser of the NZX Newsroom service, has confirmed that it has become a cornerstone shareholder in the new entity Scoop Holdings Limited, securing the future of the country’s pioneering news distribution service and independent voice in New Zealand journalism at

“In its 15 years, Scoop has become an indispensable part of the fabric of the New Zealand media, creating a vehicle for the free and open distribution of the views of any and all voices in the New Zealand public realm and championing independent journalism,” said Craig Pellett, Sublime’s Chief Executive Officer.

Sublime believes there is a significant opportunity to grow the Scoop business and has invested accordingly, Mr Pellett said.

“With focused commercial ownership, our simple goal is to advance the new company’s position as a clearinghouse for news and information, independent journalism, and as a champion of freedom of speech from all voices within civil society.”

Mr Pellett confirmed also that, following his resignation as interim general secretary of the Internet Party, Scoop co-founder Alastair Thompson would return to work at Scoop in a role to be mutually determined over coming weeks with a business focus.

"Alastair’s breadth of knowledge of the Scoop business and wider eco-system is hugely valued", Mr Pellett said.

With this situation now clarified Alastair Thompson has re-stated his own commitment to rejoining the effort at Scoop to build a strong and sustainable news model for the future.

Thompson: “I owe an apology to many people close to me, especially to my wife, my family, my colleagues and employees at Scoop and new investors for recent events. It is now fully apparent to me that I had taken a wrong turning in my involvement with The Internet Party, especially given the fact that my life’s work has centred on Scoop”.

Mr Pellett also said an announcement on a new Editor at Scoop would be made next week.

About Scoop Holdings Ltd

Scoop Holdings Ltd owns and its related products and services.

Craig Pellett is a part-owner, founder and CEO of Sublime Group, a specialist business process automation company. Sublime Group currently owns 25% of Scoop Holdings Ltd and Craig is a director and Chairperson of Scoop Holdings Ltd.

Selwyn Pellett (brother of Craig) is a tech entrepreneur. Via his ownership through Storm Distribution Ltd, and shareholding in Scoop Media Limited, Selwyn currently owns approximately 35% of Scoop Holdings Ltd. Selwyn is also a director of Scoop Holdings Ltd.

The remaining shareholding of Scoop Holdings Ltd is split between the original shareholders of Scoop including substantial shareholdings held by the Thompson Family.


© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news