Bankers for the troubled company had agreed to take shares to replace debt in the restructuring proposal which cleaned up the balance sheet.
Banks were not natural owners of media companies and were likely to look at an exit strategy sooner rather than later, Mr McIntyre said.
MediaWorks, the owner of TV3 and various radio networks including RadioLive and More FM, was delisted in 2007.
''I wouldn't be surprised at all to see the company relisted, as it was a higher performer when it was previously listed.
"Another option is a management buyout. Management are pretty keen on buyouts these days but ultimately, the banks will decide the fate. [They] won't sit there forever and listing will be an attractive option.''
The company was said to be trading profitably but Mr McIntyre said it was not generating enough cash flow to pay interest on debt of $700 million, so all of the banks agreed to take a ''haircut'' and take equity, in the hope of getting repaid at some stage.
The MediaWorks receivership demonstrated once again that highly leveraged companies were high risk entities, Milford Asset Management executive director Brian Gaynor said.
The company was listed in July 2004, when CanWest sold down a 30% stake.
Senior lenders, owed about $400 million, have formed a new company, and the debt has been reduced from $700 million to $100 million along the way.
The lenders, who also include the Royal Bank of Scotland, Rabo Bank, the Bank of Scotland, Morgan Stanley, and hedge fund TPG and Oaktree Capital Management, had been talking about a restructuring for months and with bankers at the start of the year.
Because the same parties are involved in the disposal and the purchase of the assets, going from receivership to the new entity, was not expected to take long.
Mr Gaynor said that in May 2007, CanWest sold its remaining 70% stake to HT Media, a private equity consortium, and a few months later the latter made a successful takeover of the media group.
As with most private equity deals, the purchase was funded with debt and that was loaded on to the balance sheet of the acquired company. MediaWork's debt went from $167 million just before the takeover to $769.2 million following the private equity acquisition.
The receivership and capital restructuring is a positive outcome.
''The company is now in a much better position than it was this time last week. Jobs are saved and all non-bank debt obligations will be met,'' Mr Gaynor said.
