New Zealand papers expect to change hands

New Zealand journalists believe the Australian-based companies that own two of their country's major newspaper chains could be sold. It is thought Seven Network, run by Kerry Stokes, will make a takeover bid for either John Fairfax Holdings or APN News & Media. The Fairfax stable includes the Sydney Morning Herald and Melbourne's The Age, as well as a range of NZ papers, such as Wellington's Dominion Post and The Press in Christchurch. APN News & Media owns the New Zealand Herald. (Via New Zealand Herald)