Times Newspapers, publishers of the Howick and Pakuranga Times, has been placed into voluntary administration in the hope of securing a buyer for the award-winning business.
The administrators’ message is clear, “We want a buyer for the Times“.
Garry Whimp and Ben Francis of Blacklock Rose have been appointed administrators and told Times staff the company will continue trading as usual in the meantime.
Times Newspapers directors are adamant the iconic Howick and Pakuranga Times banner retains significant value having served the local community for more than 50 years.
The company has invested heavily in recent years in growing the Times Online website and a suite of digital subscriber options.
Potential buyers had been in talks with the owners but an agreement could not be reached.
“We, as administrators, have decided to trade the business with the view to finding a buyer,” Whimp said.
For more information, contact Ben Francis on 021 042 6991, bfrancis@blr.co.nz, or Garry Whimp on 09 430 2475, gwhimp@blr.co.nz.
