NZME chief executive Michael Boggs believes the proposed merger with Fairfax NZ will be a "coming together of equals."
In an email message to NZME staff, Boggs emphasised the proposed merger was a positive move to build a leading NZ media business with the scale needed to compete with international media platforms.
"We've been through a lot of change over the past two years to create the business we need to be for our audiences and advertisers. The combined NZME has already shown the benefits that can be achieved by combining news media, digital, ecommerce and radio operations," Boggs said.
"To a large extent, the New Zealand businesses of Fairfax and NZME are complementary. It's a great opportunity to develop our media brands to keep providing high quality, relevant and innovative news, sport and entertainment content for New Zealanders long into the future.
Boggs has only been in the chief executive's role since April 8 following the departure of inaugural NZME chief executive Jane Hastings.
It will be "business as usual" for the chief executive and his counterpart Fairfax NZ chief executive Simon Tong while the merger details are thrashed out, shareholder approvals are sought and a case successfully made to the Commerce Commission for the merger to proceed.
Both CEOs planned to brief their senior leadership teams this morning. There will also be briefings of the respective journalist unions today.