MediaWorks NZ

MediaWorks NZ is a company based in New Zealand and listed on the New Zealand Stock Exchange. It was formed in July 2004 by CanWest Global Communications as a vehicle to list 30 percent of its ownership of New Zealand television and radio broadcasting assets on the New Zealand sharemarket. The company took ownership of TV Works, operator of TV3 and  C4 and RadioWorks, operator of radio stations and networks across New Zealand. CanWest sold its 70 percent stake to Australian private equity company Ironbridge Capital, who also made a takeover offer to the company's minority shareholders. However, Ironbridge Capital failed to gain acceptance from 90 percent of shareholders, so MediaWorks NZ remains on the NZ Stock Market.
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