Domain, a subsidiary of FXJ has a base readers of at least 70%,...

Domain, a subsidiary of FXJ has a base readers of at least 70%, so it rivals REA on the visitors list. FXJ's SP has suffered because it is being classified as the "old media". The latest annual report shows that their income in Domain has increased sharply and have lots more room for improvement. They need to show that they are the new media now. IPP could be a vehicle for them too. Agree with you REA has build up a bloc to stop others from taking over IPP, who at the same time could have eyes on IPP themselves for an accelerated growth especially, they can pay in kind (shares exchanged)and not necessary in cash. IPP will be rerated very soon IMO.