Simon Tong has stepped down as Fairfax New Zealand's managing director less than a week before the company is due to find out if its merger with NZME gets the green light. Tong joined Fairfax in 2013 and is taking up an executive role at ASB. Commenting on the role, Tong said he was "thrilled to be joining the ASB team during such an exciting period of change for the financial services industry". The news comes ahead of next week's decision from the Commerce Commission on a proposal to merge New Zealand Herald owner NZME and Fairfax New Zealand. In rejecting the Sky/Vodafone merger, the commission had also appeared to acknowledge that consumers were accessing content anytime and anywhere on mobile devices.

Source: New Zealand Herald March 08, 2017 22:02 UTC