One of New Zealand’s largest news organisations is in talks to sign a multi-million-dollar licensing deal with Google.

New Zealand Media and Entertainment (NZME) said on Friday morning (local time) that it has signed a “letter of intent” with Google and suggested it may also agree a deal with Facebook owner Meta.

The talks mean that NZME has broken ranks with other New Zealand publishers that intended to collectively bargain cash-for-content deals with Google and Meta.