19 per cent of Newstalk radio up for sale
Examiner to seek fresh funds for the business.
A 19 per cent stake in Newstalk is set to be put up for sale after the radio station's second largest shareholder sought bankruptcy protection from its creditors.
An examiner has been installed over Hyper Trust, an investment company that holds an 18.8 per cent stake in the talk radio station. The examiner will now seek fresh funds for the business, a move that effectively puts the Newstalk stake up for grabs.
Protection of the court was...
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