Would a consortium be willing to join, just like Kerry did at SEV with KKR and James at the then PBL with CVC.... unlikely considering the current environment.
Carlos Slim recently poured a huge amount into the New York Times Co. (nyse: NYT) to back it up. So all is not impossible.
James Packer is out. Given his love of casino's. Kerry Stokes I think would love to grab a hold and cement his place as the media baron he always wanted - but with his hands tied up at WAN and the odd share market punt here and there.... who knows.
Interesting times for Australian media....
FXJ Price at posting:
96.9¢ Sentiment: None Disclosure: Held
