News Corp to acquire 14.9 per cent of APN News and Media
News Corp is set to take a 14.9 per cent stake in APN News and Media subject to regulatory approval, it has emerged.
Australia’s largest newspaper publisher is understood to be treating the acquisition in APN as an “investment”.
News Corp said in a statement: “News Corp Australia will build its investment in APN News and Media Limited (“APN”) to a 14.99 per cent stake subject to regulatory approval.
Will they also swallow their catalogue business, iNC, or is it just the regional media side?
Me thinks News want a NEWS Catalogues sector!!!!
Well done Funky Miller ..always knew that you’d be back….
And Turnbull is looking at changing the media ownership laws…now it all makes sense.
Yep. What Matt said!
So Rupert wants a totally free shot at TV sport and TEN and he wants all the newspapers in Australia. Hmmmm. I wonder what’s wrong with that picture?
Meanwhile Fairfax is being run by Dr Evil the Grocer and his mini me. No wonder the 800lb gorilla feels comfortable.
Well at least they finally got rid of those Irish dickheads on the share register.
I wonder whether Mr Murdoch will end up owning all oz media. Then we will have the banana republic promised by mr Keating.