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 Scoop.co.nz

“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 Scoop.co.nz 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.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Scoop Business: ComCom Charges Hawkins’ Finance Companies Over Debt Recovery

The Commerce Commission has filed criminal proceedings against two finance companies run by former 1980s high-flyer Allan Hawkins over their debt recovery practices. More>>

ALSO:

Science Media Centre: The Big Science Stories Of 2014

It was a dramatic year for science, one that witnessed a severe outbreak of Ebola in West Africa and an historic mission to land a space probe on a comet. On the home front... headlines with animal testing for 'legal highs', 1080 use to tackle increased pest numbers and court action over genetically modified organisms among the most-covered stories. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news