(NPR) — Last year, in the middle of the pandemic, Sinead Boucher offered $1 to buy Stuff, New Zealand’s largest news publisher.
Boucher was already the company’s chief executive and was worried that its Australian media owner would shut down the publisher. Things had started to look really grim: The economy had ground to a halt and advertising revenue had evaporated.
“I knew that they … would potentially just decide to wind us up,” said Boucher. “So it was just a punt.”
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