Ok, so it's classed as a merger but 9 shareholders will hold 51.1% of the new company.
https://www.businessinsider.com.au/fair ... rge-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.
Channel 9 to absorb Fairfax
Moderator: bbmods
-
stui magpie
- Posts: 54842
- Joined: Tue May 03, 2005 10:10 am
- Location: In flagrante delicto
- Has liked: 132 times
- Been liked: 168 times
Channel 9 to absorb Fairfax
Every dead body on Mt Everest was once a highly motivated person, so maybe just calm the **** down.
-
thesoretoothsayer
- Posts: 1109
- Joined: Wed Apr 26, 2017 8:15 am
- Been liked: 23 times
-
Dave The Man
- Posts: 45001
- Joined: Fri Apr 01, 2005 2:04 pm
- Location: Someville, Victoria, Australia
- Has liked: 2 times
- Been liked: 21 times
- Contact:
-
stui magpie
- Posts: 54842
- Joined: Tue May 03, 2005 10:10 am
- Location: In flagrante delicto
- Has liked: 132 times
- Been liked: 168 times
-
watt price tully
- Posts: 20842
- Joined: Tue May 15, 2007 1:14 pm
Apparently is superfluous here.stui magpie wrote:^
no, apparently that's the Murdoch press's job.
Last edited by watt price tully on Fri Jul 27, 2018 12:06 am, edited 1 time in total.
“I even went as far as becoming a Southern Baptist until I realised they didn’t keep ‘em under long enough” Kinky Friedman
