THE NEW ZEALAND TIMES.
CEASING PUBLICATION.
PURCHASED BY THE DOMINION.
(Special to Daily Times.) WELLINGTON, January 12,
After over 60 years of a somewhat chequered career the New Zealand Times will shortly close its doors, and its business will be taken over by its morning rival, the Dominion. The arrangements reached have not been disclosed, but it is understood that the Times Company will dispose of its assets —property and plant—and with part of the proceeds purchase a modest share interest in its more successful rival. The Times has had a long and, for the moat part, chequered career, and it is understood its shareholder's approved of the course now adopted rather than attempt to raise further capital in an effort to carry on.
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Bibliographic details
Otago Daily Times, Issue 19996, 13 January 1927, Page 10
Word Count
124THE NEW ZEALAND TIMES. Otago Daily Times, Issue 19996, 13 January 1927, Page 10
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