Australia’s Nine says Stuff sale process to begin soon

The sale of Stuff Ltd is expected to get under way before the end of March. Australia’s Nine Entertainment acquired Stuff, which publishes the Stuff website and newspapers including The Dominion Post, as part of its acquisition of Fairfax Media in December. Nine chief executive Hugh Marks, pictured, told The Sydney

Morning Herald on

Monday that a ‘‘formal sale process’’ for Stuff and for former Fairfax regional publications in Australia would begin in the next few months. There was interest in the assets from a ‘‘broad group of companies’’, he said. Stuff employs about 1000 staff, and chief executive Sinead Boucher said she did not believe there was any reason for them to be worried. ‘‘We have got lots of strong assets including New Zealand’s biggest digital platform, Stuff, and a very rapidly growing and exciting platform in Neighbourly, plus all of our print assets,’’ she said.