Dominion Post Thursday 11/12/2014 Page: Section: Region: Circulation: Type: Size: 9 Business Day Wellington, NZ 71708 Metro 350.00 sq.cms. press clip Fairfax gets a bit Neighbourly FAIRFAX MEDIA has bought a 22.5 per cent stake in the Kiwifounded community engagement website Neighbourly.co.nz for an undisclosed sum. Neighbourly.co.nz offers suburbs across New Zealand free, private websites for neighbours to share local information. It was launched in June and has more than 60,000 members in 1400 suburbs. Fairfax Media New Zealand managing director Simon Tong said the company bought the stake with an option of buying a similar share in another six to eight months ‘‘depending on how we track’’. Neighbourly.co.nz was founded by Casey Eden and the founder of Finda, GrabOne, Pet.co.nz and ShopHQ, Shane Bradley. Eden said the business employed 14 staff and did not make money. ‘‘The short answer is it’s a long-term game,’’ he said. The venture so far had been privately funded, primarily by Bradley, he said. The partnership with Fairfax would allow Neighbourly.co.nz to build stronger communities and gain increased exposure, Eden said. The site is at present active in 45 per cent of suburbs. Members use the site to exchange recommendations on local services, plan events, buy, sell and give away items, ask questions, discuss community issues, find lost pets and get to know one another. It was inspired by US-based neighbourhood networking site Nextdoor.com, which now has more than 50 million members in 45,000 American neighbourhoods. Fairfax publishes Stuff.co.nz and Neighbourly.co.nz comple- mented the digital strategy around that, Tong said. It provided a platform which would allow Fairfax to facilitate neighbourhood conversations and tell stories important to smaller communities that would otherwise struggle to gain attention on a national level, he said. ‘‘It also ticks the boxes of the big trends across the globe – it’s mobile and it’s social and that is where our audience spends much of their time,’’ Tong said. Eden and Bradley would steer the direction of Neighbourly.co.nz and provide support where necessary, he said. ‘‘They’ve got their views on what they want to achieve.’’ Age Concern, a charitable organisation working for older people in New Zealand, is encouraging older New Zealanders to connect with their communities through Neighbourly.co.nz. Chief executive Robyn Scott said social isolation could be a problem for older people, and Neighbourly.co.nz could help to combat this. This press clip was produced under license and a copyright fee paid. If you intend to copy this clipping (including digital conversion or storage) you must obtain a license from the Print Media Copyright Agency. Ph: (04) 498 4488 or email [email protected] AUS: 1300 1 SLICE NZ: 0800 1 SLICE [email protected] Page 1 of 2 Ref: 351208164 Dominion Post Thursday 11/12/2014 Page: Section: Region: Circulation: Type: Size: 9 Business Day Wellington, NZ 71708 Metro 350.00 sq.cms. press clip Partners: Fairfax Media New Zealand has bought 22.5 per cent of Neighbourly.co.nz, with the option to increase its share in six to eight months. From left, Fairfax product development director Robert Hutchinson, Neighbourly co-founder and managing director Casey Eden, Neighbourly co-founder Shane Bradley and Fairfax Media NZ managing director Simon Tong. Photo: FAIRFAX NZ This press clip was produced under license and a copyright fee paid. If you intend to copy this clipping (including digital conversion or storage) you must obtain a license from the Print Media Copyright Agency. Ph: (04) 498 4488 or email [email protected] AUS: 1300 1 SLICE NZ: 0800 1 SLICE [email protected] Page 2 of 2 Ref: 351208164
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