News Corp buys Stake in Fairfax

By Guest Author · 6 November 2006 · General

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Summary

Rupert Murdoch’s News Corp has bought a 7.5 per cent strategic stake in newspaper publisher Fairfax Media for $360 million. News Corp says the move is not a precursor to a full takeover of the publisher of The Sydney Morning Herald, Melbourne’s The Age newspaper and The Australian Financial Review. “It is true, it is purely […]

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