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Channel 9 to absorb Fairfax

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stui magpie Gemini

Prepare for the worst, hope for the best.


Joined: 03 May 2005
Location: In flagrante delicto

PostPosted: Thu Jul 26, 2018 4:27 pm
Post subject: Channel 9 to absorb FairfaxReply with quote

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.

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David Libra

I dare you to try


Joined: 27 Jul 2003
Location: Andromeda

PostPosted: Thu Jul 26, 2018 4:59 pm
Post subject: Reply with quote

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.
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thesoretoothsayer 



Joined: 26 Apr 2017


PostPosted: Thu Jul 26, 2018 9:01 pm
Post subject: Reply with quote

Paul Keating thinks it's a good idea:
https://www.crikey.com.au/wp-content/uploads/2018/07/260718fairfaxninetakeover.pdf
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Dave The Man Scorpio



Joined: 01 Apr 2005
Location: Someville, Victoria, Australia

PostPosted: Thu Jul 26, 2018 10:32 pm
Post subject: Reply with quote

So they are going to be the Liberal Propaganda Machine Now?
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stui magpie Gemini

Prepare for the worst, hope for the best.


Joined: 03 May 2005
Location: In flagrante delicto

PostPosted: Thu Jul 26, 2018 11:20 pm
Post subject: Reply with quote

^

no, apparently that's the Murdoch press's job.

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watt price tully Scorpio



Joined: 15 May 2007


PostPosted: Fri Jul 27, 2018 1:04 am
Post subject: Reply with quote

stui magpie wrote:
^

no, apparently that's the Murdoch press's job.


Apparently is superfluous here.

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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


PostPosted: Fri Jul 27, 2018 1:06 am
Post subject: Reply with quote

watt price tully wrote:
[quote="stui magpie"]^

no, apparently that's the Murdoch press's job.[/quote]

Why apparently? Rolling Eyes
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