I think you guys have made a great investment. I believe that the media sector is ready for consolidation. We will hear more soon about TEN (is about to get a new cornestone investor), SEV (has cash and looking for an opportunity), Macquarie media (is already in the news), FXJ (with reduced debt becomes a more interesting target), APN (is on the market), TLS (looking for content, and has cash not spent on the NBN), Lachlan Murdoch (needs to position himself in the family, his sister has recently arived in Australia looking for opportunities), James Packer (it is time for him to make a U-turn and do what his father did).
FXJ Price at posting:
$1.06 Sentiment: ST Buy Disclosure: Held
