Just saw this report <https://www.nzherald.co.nz/business/mediaworks-sale-revealed-how-much-discovery-paid-for-tv-arm/YBBWF5Z7QHIAHRII4R4ZKPM33Q/> that Discovery paid about $20 million for MediaWorks (TV channels Three, Bravo, Edge, Breeze and their “+1” repeaters, streaming service ThreeNow and Newshub). Contrast this against the $700-million valuation of MediaWorks back in 2007. There was an assumption it would be worth much less; “Much of this was ostensibly driven by the $1 sale of the Stuff news business”. Speaking of Stuff, seems Fairfax didn’t do well after acquiring it <https://www.nzherald.co.nz/business/stuff-the-laggard-among-fairfax-businesses-in-lead-up-to-merger-with-nine/LC4XKJHKTZ327IUSV4UZRU53PM/>. I remember the head of the NZ Open-Source Society saying in a radio interview that it actually used to be a profitable business, but after the acquisition, Fairfax ripped out the open-source software it was built on and replaced it with some proprietary and expensive Adobe platform.