CEO of New Zealand media outlet Stuff buys the company for ₹46

Sinead Boucher, the CEO of New Zealand-based media outlet Stuff, has bought the company from Australian broadcaster Nine Entertainment for just NZ$1 (around ₹46) to maintain local ownership. This comes a month after Stuff asked staff to voluntarily take pay cuts amid the coronavirus pandemic. Nine would take a hit of $26-29 million in its full-year results from the sale.