Join up at Bet Easy - Click here - Bet Easy is Thoroughbred Village’s premier betting partner - Join here now
Forum Home Forum Home > All Sports - Public Forums > Joffs All Sports Bar
  New Posts New Posts RSS Feed - NINE Fairfax merger
  FAQ FAQ  Forum Search   Events   Register Register  Login Login


Click here for the Thoroughbred Village Home Page. For village news, follow @TBVillage on Twitter. For horseracing tips, follow @Villagebet on Twitter. To contact the Mayor by email: Click Here.

NINE Fairfax merger

 Post Reply Post Reply
Author
Message
Passing Through View Drop Down
Champion
Champion
Avatar

Joined: 09 Jan 2013
Location: Australia
Status: Offline
Points: 25323
Post Options Post Options   Thanks (0) Thanks(0)   Quote Passing Through Quote  Post ReplyReply Direct Link To This Post Topic: NINE Fairfax merger
    Posted: 26 Jul 2018 at 8:45am
Back to Top
Sponsored Links
Click here to view the promotions at Bet Easy.


Back to Top
Passing Through View Drop Down
Champion
Champion
Avatar

Joined: 09 Jan 2013
Location: Australia
Status: Offline
Points: 25323
Post Options Post Options   Thanks (0) Thanks(0)   Quote Passing Through Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jul 2018 at 9:04am
Fairfax Media and Nine Entertainment have announced plans to merge to create Australia's largest integrated media player.

The companies said in a joint statement on Thursday that the proposed transaction would be implemented by Nine under a scheme of arrangement, subject to approvals.

The combined company, to be led by current Nine chief executive Hugh Marks, will include Nine's free-to-air television network, Fairfax's mastheads including The Sydney Morning Herald and The Age,  a suite of digital assets including Domain, Stan and 9Now, and Fairfax's radio interests through Macquarie Media.

Once the deal is completed, Nine shareholders will hold 51.1 per cent of the combined company, with Fairfax shareholders owning the remaining 48.9 per cent.

Under the proposal, Fairfax shareholders will receive 0.3627 Nine shares and $0.025 cash for each Fairfax share, implying a 21 per cent premium to Fairfax's closing price on Wednesday. Fairfax directors will recommend shareholders vote in favour of the scheme in the absence of a superior proposal.

“The proposed transaction for Fairfax reflects the success of Fairfax’s transformation strategy which has created value for shareholders through targeted investment in high growth businesses, such as Domain and Stan, and prudent management of our media assets," Fairfax chief executive Greg Hywood said.

"The combination with Nine provides an exciting opportunity to continue to drive incremental value
well into the future.”

Fairfax Media is the owner of this website.

More to come

http://www.smh.com.au/business/companies/fairfax-nine-announce-plan-to-merge-20180726-p4ztnv.html

Back to Top
Tlazolteotl View Drop Down
Champion
Champion
Avatar

Joined: 02 Oct 2012
Location: Australia
Status: Offline
Points: 13397
Post Options Post Options   Thanks (0) Thanks(0)   Quote Tlazolteotl Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jul 2018 at 6:30pm
Bizarre combination- like a Brittney Spears & Bob Dylan album- I won't be buying it.
Back to Top
djebel View Drop Down
Champion
Champion
Avatar

Joined: 07 Mar 2007
Status: Offline
Points: 36342
Post Options Post Options   Thanks (0) Thanks(0)   Quote djebel Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jul 2018 at 6:48pm
Coalition pass these laws and who should be one of the bosses at 9 ?

Peter Costello.



STRIKE WHILST THE IRON IS HOT

reductio ad absurdum

The richest man is not he who has the most, but he who needs the least.

Back to Top
Tlazolteotl View Drop Down
Champion
Champion
Avatar

Joined: 02 Oct 2012
Location: Australia
Status: Offline
Points: 13397
Post Options Post Options   Thanks (0) Thanks(0)   Quote Tlazolteotl Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jul 2018 at 6:59pm
The left wing media conspiracy is complete. We NEED more right wing views 24/7.Thumbs Up The poor old right-winger's views are being drowned out by COMMUNISTS!Angry
Back to Top
Dr E View Drop Down
Champion
Champion


Joined: 05 Feb 2013
Location: Australia
Status: Offline
Points: 19210
Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jul 2018 at 7:40pm
Don't fret, channel 2 will throw the Fairfax journos a lifebuoy ... they might have to cut a few more services though!!!Cry
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
Back to Top
ThreeBears View Drop Down
Champion
Champion


Joined: 13 Apr 2017
Location: Daylesford
Status: Offline
Points: 2678
Post Options Post Options   Thanks (0) Thanks(0)   Quote ThreeBears Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jul 2018 at 10:58pm
The Age has gone from a great newspaper to a worthless rag over the last fifteen years. It's now a perfect match for Nine. 
Back to Top
Tontonan View Drop Down
Champion
Champion
Avatar

Joined: 13 Oct 2007
Location: Ferntree Gully
Status: Offline
Points: 2617
Post Options Post Options   Thanks (0) Thanks(0)   Quote Tontonan Quote  Post ReplyReply Direct Link To This Post Posted: 27 Jul 2018 at 12:12am
Originally posted by ThreeBears ThreeBears wrote:

The Age has gone from a great newspaper to a worthless rag over the last fifteen years. It's now a perfect match for Nine. 

+1  
 


Back to Top
Tontonan View Drop Down
Champion
Champion
Avatar

Joined: 13 Oct 2007
Location: Ferntree Gully
Status: Offline
Points: 2617
Post Options Post Options   Thanks (0) Thanks(0)   Quote Tontonan Quote  Post ReplyReply Direct Link To This Post Posted: 27 Jul 2018 at 12:49pm
Who cares about Fairfax.  

The real news is that Lee Lin Chin has resigned Shocked.


Back to Top
ThreeBears View Drop Down
Champion
Champion


Joined: 13 Apr 2017
Location: Daylesford
Status: Offline
Points: 2678
Post Options Post Options   Thanks (0) Thanks(0)   Quote ThreeBears Quote  Post ReplyReply Direct Link To This Post Posted: 27 Jul 2018 at 1:28pm
And is devoting her time to a Pub and rereading the entire works of Shakespeare. 
Back to Top
Carioca View Drop Down
Champion
Champion


Joined: 13 Nov 2015
Status: Offline
Points: 7074
Post Options Post Options   Thanks (0) Thanks(0)   Quote Carioca Quote  Post ReplyReply Direct Link To This Post Posted: 27 Jul 2018 at 2:24pm
Not at the Harold Park Hotel with the other devotees and the ghosts of Frank Hardy and wonder full old ABC and racetrack caller Geof Mahoney, if she is its rare company .
Back to Top
ThreeBears View Drop Down
Champion
Champion


Joined: 13 Apr 2017
Location: Daylesford
Status: Offline
Points: 2678
Post Options Post Options   Thanks (0) Thanks(0)   Quote ThreeBears Quote  Post ReplyReply Direct Link To This Post Posted: 27 Jul 2018 at 11:43pm
Even I've had a few schooners at the HP Cari so the company's not that rare LOL
Back to Top
Carioca View Drop Down
Champion
Champion


Joined: 13 Nov 2015
Status: Offline
Points: 7074
Post Options Post Options   Thanks (0) Thanks(0)   Quote Carioca Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jul 2018 at 9:32am
Originally posted by ThreeBears ThreeBears wrote:

Even I've had a few schooners at the HP Cari so the company's not that rare LOL

That depends on what company you keep I s'pose.
Back to Top
 Post Reply Post Reply
  Share Topic   

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 11.10
Copyright ©2001-2017 Web Wiz Ltd.

This page was generated in 0.049 seconds.