Independent Newspapers

"This article refers to the New Zealand company. For the Irish company formerly of the same name, see " Independent News and Media.

Independent Newspapers Limited (INL) was a media concern in New Zealand.

History

The company sprang out of the Wellington Publishing Company Limited that had been founded in 1906 to publish Wellington's morning daily, The Dominion. In 1970 WPC made a successful takeover bid for Truth (NZ) Ltd and the following year acquired Independent Publishers Ltd, owner of the Waikato Times.

In 1972 it took over Blundell Bros Limited, publisher of Wellington's Evening Post which had started in 1865. Later that year the company changed its name to Independent Newspapers Limited. Around this time INL Print Limited (later Inprint Ltd) was formed to combine the printing and publishing operations of the commercial printing companies which operated prior to the various mergers.

Some of the oldest newspapers in New Zealand joined the INL stable in the next two decades. In 1980 it took over The Manawatu Standard Limited, publisher of the Evening Standard since 1880. Four years later the company shifted its sights to the South Island, acquiring 122-year-old The Southland Times. The following year, 1985, it took over The Timaru Herald, founded in 1864 and a daily newspaper since 1878.

In 1987 the Christchurch Press Co Ltd, publisher of The Press since 1861, joined the INL group.

INL moved north again in 1989, buying Taranaki Newspapers Limited and part of NZ News Limited, including the Auckland Star, the Sunday Star and Suburban Newspapers (Auckland), New Zealand's largest group of free community newspapers. The Auckland Star was subsequently closed down.

In 1993 INL moved south again, acquiring the Nelson Evening Mail (since renamed The Nelson Mail). The Marlborough Express was bought in 1998 and a number of small community newspapers have also been acquired in recent times, including South Otago Newspapers.

INL's New Zealand divisions now publish more than 80 daily, Sunday, community, suburban and weekly newspaper titles, magazines and specialist publications.

New Zealand growth was complemented by offshore expansion. Independent News Corp (Inc) was formed in the United States and acquired a string of suburbans in Houston Texas and a number of newspapers on the West Coast. INL's US interests were sold in July 1998.

In 1990 INL invested $200 million in Gordon and Gotch magazine distributors in Australia and New Zealand, their allied business and regional newspapers in Victoria, Australia. These operations were bought from major INL shareholder News Ltd. In 1993 it divested itself of Wiljef Stationery and its computer consumables company Microtronix, acquired as part of the Gordon and Gotch deal but regarded as outside INL's "core" business. It also sold its large commercial printing division (Adams Print) to Pacific Magazine and Printing Limited. Late in 1999 INL announced it was selling its Australian Gordon and Gotch division, but was retaining Gordon and Gotch (NZ) Ltd. INL's links with News Limited are long established. Early in 1964 Rupert Murdoch's News Limited made his first overseas newspaper investment - a 29.57 percent stake in the Wellington Publishing Company. The News Limited holding in INL has fluctuated over the years and is now just over 49 percent.

Having established a strong newspaper publishing network, INL turned its interests to building a magazine division in New Zealand with publications focusing on home, family and outdoor leisure activities - homes, gardening, fishing, boating - along with motoring magazines.

INL took an initial 25% interest in Terabyte, the web design and development company, in 1994. This was later increased to 51% in June 1995. INL sold its interest in Terabyte Interactive in 1999.

A major investment in Sky Network Television Limited was made in 1997.

It sold its publishing assets, including Wellington's "Dominion Post", on 30 June 2003 to the Australian Fairfax conglomerate. In July 2005, Independent Newspapers Limited merged with SKY Network Television into a new company, MergeCo, which was renamed Sky Network Television Limited.

Sources

*SKY Network Television Limited (2005). [http://www.skytv.co.nz/index.cfm?pageid=463] Retrieved Jan. 2, 2006.
*Independent Nespapers [http://www.inl.co.nz/] Retrieved Jan. 2, 2006.
*Archive.org|Independent Newspapers official site [http://web.archive.org/web/20010124112600/www.inl.co.nz/about/history.html Archive date: Feb. 24, 2001 | Retrieved Jun. 6, 2008]

External links

* [http://www.inl.co.nz/ The company's site]
* [http://www.skytv.co.nz/ SKY network Television]

References