
Future of SA country papers unclear after takeover deal
The future of a stable of newspapers across regional South Australia is uncertain, after a Sydney buyer scooped them up in a national deal worth $115m.
The future of a stable of newspapers across regional South Australia is uncertain, after a Sydney buyer scooped them up in a national deal worth $115m.
The Greens have unveiled a media reform package to consider the break up of big media corporations including News Corp and Nine, a crack down on “fake news” on social media, and extending tax deductibility status for media subscriptions.
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Seven West Media has been dragged to a full-year loss of $744.3 million by nearly $1 billion in writedowns and one-off costs.
Fairfax Media is at the centre of a bidding war after another US private equity firm weighed in with a better offer.
UPDATED | More than 2500 Australian journalism jobs have been slashed in the past six years, a federal parliamentary hearing into the future of journalism has heard.
A consortium led by US-based private equity giant TPG Capital and Canada’s Ontario Teachers’ Pension Plan Board has raised its bid for Fairfax Media to $2.76 billion.