Fairfax Media Ltd has conveyed its tribute to the Christchurch Press at AGM for their performance, following the 7.1 strong on the Richter scale earthquake in Canterbury on 4th September, at its yearly meeting held in Melbourne today.

In a major event in the domestic market, New Zealand's largest multi-media company, APN News & Media Ltd is gearing up to make a comeback into the market with the launch of the close to $200 million bond issue. It is to be mentioned here that the prospectus for the bond was lodged with the New Zealand stock exchange yesterday.

A fresh new friendship among New Delhi and Washington has acclaimed by the Indian media, with US President Barack Obama's courtship of India noticed as presenting the nations growth to be powerful.

Many weekend newspapers packed their pages on Sunday issue with reporting of the 3day visit by the president and wife Michelle, whose lively dance schedule along with schoolchildren on Saturday was a success with the editors.

The debt laden Yellow Pages Group (YPG) firm is off the block now and according an analyst it would be surprising if the bankers of the company did not try to sell it again.

In the month of March 2007, the YPG was bought for 2.24 billion dollars. This was the largest buyout in the country by the Ontario Teachers' Pension Plan and Unitas Capital of Hong Kong.

An advertising agency of Auckland has been declared as the agency of the decade. Colenso BBDO has been announced as the agency of the decade beating all its rivals across the world for producing most talented young creative’s in the world.

On Wednesday the besieged video rental Goliath, Blockbuster, reported for insolvency defense, in quest to discard its arduous debt and restructure itself to struggle alongside nimbler opponents.