Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1.
Meanwhile MediaWorks has announced it's cutting 130 jobs as it deals with the economic fallout from the Covid-19 pandemic.
We speak to media commentator, and former editor in chief of the NZ Herald, Tim Murphy about the tough times facing the media right now and what today's development means.
Non-daily print media are not considered an essential service, effectively shutting down magazines like The Listener and North & South and community papers across the country. Photo: RNZ / Bridget Tunnicliffe
