NewsRoom is a subscription-based online news service which sends unfiltered press releases, announcements and opinion material to paying subscribers. NewsRoom was established in 1996 and was acquired by NZX in 2007. It’s news feeds serve New Zealand’s top legal and accounting firms, large corporations, government departments, and parliamentary offices.
NewsRoom draws their material from three different sources; free content supplied by organisations and individuals, purchasing content from specialist providers and a designated in-house NewsRoom team creating content on key political stories. Subscribers receive their information via NewsMail (email), intranet feeds and website feeds.
NewsRoom also has a website that is available to subscribers (behind a paywall) that has an archive of historical content (550,000+ articles). This website was overhauled and relaunched in 2011. There is no advertising on the NewsRoom site.
The sale of NewsRoom to Sublime Group with effect from 31 January 2014 is being managed to ensure that NewsRoom’s customers continue to receive seamless services and it remains business-as-usual.
It is noted that the sale of NewsRoom will not have a material impact on NZX’s results or financial position.
The NZX Announcement can be found here.