BusinessDesk goes public with new website
Sponsored by BusinessDesk | Wed, 06 Nov 2019
CEO Pattrick Smellie said the company, which originated as a business newswire a decade ago, has a formidable team of senior reporters, to which BusinessDesk will be adding.
“We are committed to being New Zealand’s best business news source, covering the whole of the NZX, the political economy and the country’s large number of emerging and innovative companies,” said Smellie.
“News is a disrupted business where commercially viable online business models are emerging, a decade after the shift to online advertising coincided with the global financial crisis, which has changed the world of legacy news publishers forever.
“At BusinessDesk, we have only ever existed in this environment.”
"Where others have seen survival as a struggle, we have remained optimists about the future of news, while also remaining committed to the notion that good news costs money to produce - and that the best news will still be paid for,” said Smellie.
Content Ltd, the company behind BusinessDesk, is chaired by Brian Gaynor, economic commentator and co-founder of Milford Asset Management. “When I was given the opportunity to invest in BusinessDesk I jumped at the chance,” he said. “I have a great deal of respect for Pattrick and the BusinessDesk team and a real belief in the business.
“Trustworthy business news written by experienced journalists with integrity is vital for New Zealand. That is a big part of why I am backing BusinessDesk,” said Gaynor.
Reporters include 2018 NZ Shareholders Association business reporter of the year Jenny Ruth, energy and resources expert Gavin Evans, ex-financial wire and Wall Street Journal reporter Rebecca Howard, and Auckland-based commercial legal news expert Victoria Young. Paul McBeth is the Head of News. The commercial side of the business is run by Matt Martel, a former executive editor of the Sydney Morning Herald, The Age and the Australian Financial Review.
The subscription-based site was launched at a function at Chapman Tripp’s offices in Wellington.
Subscriptions cost $24 a month ($249 annually) and packages are available for groups, corporates and government agencies. BusinessDesk launches with 15 large corporate subscribers and hundreds of individual subscribers.
Subscribers are able to receive instant alerts on stories important to them via email and daily news briefing summaries as well as save stories and search an archive of more than 18,000 stories.
The Business Desk story has just begun, we are excited about the challenge of delivering responsible, top-class journalism to New Zealanders.
For more information, contact
Pattrick Smellie, CEO, +64 21 588 203, email@example.com
Matt Martel, commercial manager, +64 2 777 444 83, firstname.lastname@example.org
For news tips and press statements for consideration as news, contact:
Paul McBeth, head of news, +64 27 7144334
MARKET CLOSE: NZ shares fall as Sky TV, Steel & Tube warn on earnings
By Paul McBeth | Mon, 18 Nov 2019
New Zealand shares fell as investor confidence was dented by profit warnings from Sky Network Television and Steel & Tube Holdings. The S&P/NZX 50 Index declined 21.54 points, or 0.2 percent, to 1...
NZ dollar becalmed, awaiting reasons to move
By Jenny Ruth | Mon, 18 Nov 2019
The New Zealand dollar was little changed as the market awaited further explanations from central banks in Australia and the United States of their current monetary policy stances and for further news...
Huawei still in no-man's-land as Spark presses ahead with 5G build
By Paul McBeth | Mon, 18 Nov 2019
Huawei Technologies is still on Spark New Zealand's list of go-to telecommunications kit suppliers, but won't keep waiting for the Chinese firm to get security clearance to build its 5G mobile network...