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- The Federal Government made some big changes to Australia's media ownership laws late last year, which have allowed this merger to go ahead.
www.abc.net.au/news/2018-07-26/what-the-fairfax-and-nine-merger-means-for-you/10039236Fairfax and Nine are merging. Here's what the deal involves ...
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Jul 26, 2018 · Under the proposed details of the takeover – which remain subject to shareholder and Australian Competition and Consumer Commission approval - Nine shareholders will own 51.1 percent of the combined entity with Fairfax shareholders owning the remaining 48.9 percent.
- Why Are Nine and Fairfax Merging?
- What's in It For Nine?
- What Will It Mean For Fairfax?
- What About domain?
- Is This A Done Deal?
- How Is This allowed?
- What Does It Mean For Employees? Will There Be Job Losses?
- What Does It Mean For The Rest of The Media Industry?
Nine and Fairfax are positioning themselves to remain profitable in a world increasingly dominated by digital media. The merger will allow them to pool assets, reduce costs and streamline management, to adapt to the changing environment. Both companies are profitable enterprises in their own right, so this merger is about ensuring their future prof...
The new combined company will be called Nine, and at a management level Nine will become the majority owner and run the company. Both it and its shareholders will benefit from the effective takeover of Fairfax' most lucrative assets, including the real estate portal, Domain, and its Macquarie Media radio interests. It will also benefit from access ...
The merger means Fairfax will lose its name, which means it's the end of the road for a company which has been part of the Australian media landscape for more than a century. But its newspapers — including its main mastheads, the Sydney Morning Herald, The Age, and the Australian Financial Review — are expected to continue as usualin both their pri...
Fairfax has already cast off its property portal Domain as a separate entity, although it retains 51 per cent ownership. Its majority ownership of Domain as well as other assets including its radio stations will now be owned and controlled by Nine.
Fairfax and Nine announced the merger to the Australian stock exchange this morning. It still needs formal approval from the Australian Competition and Consumer Commission (ACCC) and agreement from shareholders. But given that Nine is offering Fairfax shareholders a 22 per cent premium on the latest share price, the offer is generous and unlikely t...
The Federal Government made some big changes to Australia's media ownership lawslate last year, which have allowed this merger to go ahead. The changes effectively removed the restrictions that previously prevented companies owning newspapers, television and radio stations in the same city. They also abolished the "reach rule" which prevented a sin...
Most if not all mergers involve job losses at some stage. The most immediate changes, once the Fairfax-Nine merger takes effect, will be at management level. Nine's current chief executive, Hugh Marks, and chairman, Peter Costello, will both retain their positions in the new merged company. That raises questions about the future of Fairfax CEO Greg...
A successful merger between Nine and Fairfax is tipped to open the door to other such deals, particularly now that Australian media laws have been changed to remove restrictions on cross media ownership. The merger of Australia's second biggest free-to-air TV network with the second biggest newspaper publisher will result in a $4 billion-company th...
Jul 26, 2018 · Nine shareholders will have a majority 51.1 per cent ownership of the proposed new company, which Fairfax chief executive Greg Hywood assured employees would still have “plenty of Fairfax Media DNA”. But former Prime Minister Paul Keating has already questioned the compatibility of the two newsroom cultures.
Jul 25, 2018 · Nine and Fairfax announced $4b merger. The merged company will be called Nine. Nine shareholders will own 51.1 per cent. Fairfax shareholders will own 48.9 per cent.
Jul 26, 2018 · The merger, which would create a $4 billion media giant, needs consumer watchdog approval but has been made possible by changes to media ownership laws introduced by the Turnbull government.
Jul 26, 2018 · 9News Finance Editor Ross Greenwood has labelled the historic merger between Fairfax Media Limited and Nine Entertainment Co. as one of the biggest changes he's seen in the Australian media landscape for the last 30 years.
Jul 26, 2018 · Nine Entertainment Company (ASX:NEC) has announced a takeover of Fairfax Media (ASX:FXJ) in a move that will create a new media goliath in Australia worth $4 billion. The merged media operation will dwarf News Corp (ASX:NWS) as the country's largest media and news network with assets across print, television, radio and online.
