This old mate notes that stock exchange owner NZX is exiting its much-hyped and clearly unsuccessful involvement in agri-publishing faster than its shiny-shoe owners flick a bad share punt.
It seems former NZX boss Mark Weldon’s foray into agri-publishing was about as successful as his time at TV3, in other words a complete and utter failure. NZX recently announced it had now “reshaped” its New Zealand and Australian agri businesses by “reducing exposure to the parts of the agricultural sector where the linkages to NZX’s markets business are weak, or the economics are unattractive”. It has now hocked off failing publications Dairy Exporter and Countrywide in NZ and has quit its Clear Grain exchange in Aussie.