Pellett bails from Scoop

has announced:

Scoop Media Ltd. regrets that an investment from Sublime Group in Scoop Media Limited will not proceed at this time.

On Monday 24 February operational control of Scoop Independent News returned to the Scoop Media Limited shareholders.

The team running Scoop has now returned to normal, Scoop Co-Founder Alastair Thompson has returned to Scoop as Publisher and Editor, Gordon Campbell continues on as Political Editor & Werewolf Editor and Lyndon Hood remains News Editor.

Scoop co-founder Alastair Thompson said today:

“Scoop Media Limited’s shareholders regret that the investment proposition which we had been working on for the past year has been unable to proceed at this time.

In one sense this is back to the future, with it being back to the status quo of six months ago.

I’m unsure what is happening to , that the Pelletts purchased to effectively merge in with Scoop. It was purchased off NZX. Is it now owned by Scoop, going to be managed by Sublime, or close down?

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