Pellett bails from Scoop

March 5th, 2014 at 4:26 pm by David Farrar

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?

Tags: ,

11 Responses to “Pellett bails from Scoop”

  1. burt (8,275 comments) says:

    So my pick is Newsroom will be purchased by a secret trust owned by the Labour party. Oh hang on – that’s TVNZ ….

    Vote: Thumb up 7 Thumb down 0 You need to be logged in to vote
  2. davidp (3,581 comments) says:

    Scoop was being run by secretive Cunliffe donor Pellett and Dotcom clown Thompson. The idea that they represent “Independent” news is just laughable. Just close down.

    Vote: Thumb up 6 Thumb down 0 You need to be logged in to vote
  3. CJPhoto (222 comments) says:

    Selwyn still owns 20%of Scoop Media Ltd unless he plans to sell that.

    Sublime majority owned by Craig, with only a small holding by Selwyn.

    Vote: Thumb up 1 Thumb down 0 You need to be logged in to vote
  4. igm (1,413 comments) says:

    So long as Komrad Campbell is in a position of political influence this venture will fail.

    Vote: Thumb up 2 Thumb down 0 You need to be logged in to vote
  5. George Patton (349 comments) says:

    Maybe the purchase of Newsroom was only conditional, and didn’t go ahead?

    Maybe the Pellett’s didn’t have the cash, or saw Scoop as too much risk?

    Vote: Thumb up 0 Thumb down 0 You need to be logged in to vote
  6. Barnsley Bill (983 comments) says:

    Astonishing that Sublime would walk away from all those page views originating in India.

    Vote: Thumb up 4 Thumb down 0 You need to be logged in to vote
  7. George Patton (349 comments) says:

    Hahaha – of course, the Whaleoil exposé. Perhaps the Pelletts realised the page hits were all just fairy dust…

    Vote: Thumb up 4 Thumb down 0 You need to be logged in to vote
  8. Johnboy (16,651 comments) says:

    As long as I never have to look at the dreadful long face of the miserable Campbell creature pontificating in the Hutt News every week I’ll be happy.

    Oh wait. I don’t. Winter is coming on. He can help me light the fire! :)

    Vote: Thumb up 3 Thumb down 1 You need to be logged in to vote
  9. DJP6-25 (1,388 comments) says:

    Scoop/scuppered.

    Vote: Thumb up 0 Thumb down 0 You need to be logged in to vote
  10. igm (1,413 comments) says:

    JohnBoy: Wimpy left-wing Campbell is the idol of Fairfax Media execs, being a puppet of the pathetic Little. He is not just in the Hutt News, he pollutes many papers in the failing company’s stable.

    Vote: Thumb up 1 Thumb down 0 You need to be logged in to vote
  11. DJP6-25 (1,388 comments) says:

    It looks like Scoop is in the poop.

    Vote: Thumb up 0 Thumb down 0 You need to be logged in to vote