Business Services Industry
Media players deny deal.
Australasian Business Intelligence, September, 2002
Sep 16, 2002 (Herald Sun - ABIX via COMTEX)
John Fairfax Holdings and Rural Press have denied reports that they are discussing a $A3 billion merger. The two Australian media groups issued statements to the Australian Stock Exchange on 16 September 2002 dismissing the reports. Rural Press chairman John B Fairfax said recently that he was looking for acquisition and merger opportunities with other media groups. Speculation centred on APN News & Media and West Australian Newspaper Holdings. Rural Press's market value is $A636 million, while John Fairfax is worth $A2.3 billion.
Publication Date: 17 September 2002
JOHN FAIRFAX HOLDINGS LIMITED - ASX
FXJ:
RURAL PRESS LIMITED - ASX RUP:
APN NEWS AND MEDIA LIMITED - ASX APN:...
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