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stui magpie
Prepare for the worst, hope for the best.
Joined: 03 May 2005 Location: In flagrante delicto
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Post subject: Channel 9 to absorb Fairfax | |
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Ok, so it's classed as a merger but 9 shareholders will hold 51.1% of the new company.
https://www.businessinsider.com.au/fairfax-nine-merge-2018-7
Interesting that I read elsewhere, Jamie Packer sold the 9 network for around $5.5 Billion 10 years ago, the new merged company of 9 and fairfax is collectively valued at $4.2 Billion. That's a massive drop in value which shows the impact of digital media.
Thoughts?
I can see a bumpy integration for Fairfax employees if 9 wants to impose a single culture. _________________ Every dead body on Mt Everest was once a highly motivated person, so maybe just calm the **** down. |
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David
I dare you to try
Joined: 27 Jul 2003 Location: Andromeda
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Its pretty much the end, but I think we saw this coming for a long time. Lets hope this doesnt leave Melbourne and Sydney as one-newspaper towns. _________________ All watched over by machines of loving grace |
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thesoretoothsayer
Joined: 26 Apr 2017
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Dave The Man
Joined: 01 Apr 2005 Location: Someville, Victoria, Australia
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So they are going to be the Liberal Propaganda Machine Now? _________________ I am Da Man |
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stui magpie
Prepare for the worst, hope for the best.
Joined: 03 May 2005 Location: In flagrante delicto
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Post subject: | |
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^
no, apparently that's the Murdoch press's job. _________________ Every dead body on Mt Everest was once a highly motivated person, so maybe just calm the **** down. |
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watt price tully
Joined: 15 May 2007
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stui magpie wrote: | ^
no, apparently that's the Murdoch press's job. |
Apparently is superfluous here. _________________ “I even went as far as becoming a Southern Baptist until I realised they didn’t keep ‘em under long enough” Kinky Friedman
Last edited by watt price tully on Fri Jul 27, 2018 1:06 am; edited 1 time in total |
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HAL
Please don't shout at me - I can't help it.
Joined: 17 Mar 2003
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watt price tully wrote: | [quote="stui magpie"]^
no, apparently that's the Murdoch press's job.[/quote]
Why apparently? | Do you like being a it? |
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