Brief: NZME Signs Letter Of Intent With Google, Updates Outlook

NZME

24/03/2022 19:54

March 25 (Reuters) - NZME Ltd  NZM.NZ :
    * NZME LTD - NZME SIGNS LETTER OF INTENT WITH GOOGLE AND
UPDATES
OUTLOOK
    * NZME LTD - SIGNED A LETTER OF INTENT WITH GOOGLE SETTING
OUT KEY
TERMS FOR PROPOSED SUPPLY BY NZME OF NEWS CONTENT FOR GOOGLE'S
NEWS SHOWCASE
    * NZME LTD - NZME AND GOOGLE WILL NOW ENTER INTO A PERIOD OF
NEGOTIATION OF UP TO 90 DAYS
    * NZME LTD - CURRENTLY IN COMMERCIAL DISCUSSIONS WITH META
WITH
REGARDS TO THEM SUPPORTING A NUMBER OF DIGITAL TRANSFORMATION
PROJECTS OVER NEXT YEAR
    * NZME - IF NZME AND GOOGLE ULTIMATELY ENTER INTO FINAL
AGREEMENTS
AT END OF PERIOD OF NEGOTIATION, NZME SEES 2022 EBITDA IN RANGE
OF NZ$67 - 72 MILLION
    * NZME - NOTIFIED NEWS PUBLISHERS’ ASSOCIATION OF NZ & NZ
COMMERCE
COMMISSION IT WILL NOT BE  PARTICIPATING IN ANY COLLECTIVE
BARGAINING WITH GOOGLE

Source text for Eikon:  ID: 
Further company coverage:  NZM.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))