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Fairfax Media has less than three weeks left as an independent entity after its shareholders voted overwhelmingly in favour of the 175-year-old company’s merger with Nine Entertainment.
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UPDATED | The competition watchdog will allow Fairfax Media’s $4 billion merger with Nine Entertainment to go ahead after deciding the move would not diminish competition in Australian news and media.
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Regulators will look at the merger of Fairfax Media and the Nine Network but it is unlikely to face any hurdles, Prime Minister Malcolm Turnbull says.
Nine Entertainment will merge Fairfax Media into its platform under a $2.2 billion deal that has stunned the Australian market.
Domain chief executive Antony Catalano has stepped down just four months after the real estate classifieds business listed on the Australian Securities Exchange.
Fairfax Media has secured a partnership with Google to boost its digital advertising and publishing technology and drive digital subscription growth.
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