Ann: NZM: Fairfax NZ merger process and NZME results date, page-4

But the PM in Premier House has changed and the regulators in NZ are notorious for following their Masters in Wellington or Premier House given the dominance of the PM within National and they will change their determination and their interpretation of the law and the regs if the Government's position has changed (they get out of this by saying things like submissions said this and submissions said that, when in truth 1 submission perhaps from a Gov't organ was just found to be compelling or more compelling than the others).

I think the Government's or PM's position vis-à-vis FXJ is what counts and that may have changed from Key to English IMHO. The FXJ SP is indicating it may have done and that would support what I have been reading on Stuff and all the NZ web sites that I have used and trust.