rumour on crikey

"Media merger on the cards? Are Fairfax and APN preparing to merge some or all of their assets? The strong word on the street is that the two ailing media groups are close to a deal, covering their New Zealand newspaper assets (between them the two companies own almost all the NZ newspaper industry), their Australian regional mastheads, and maybe a lot more. Both companies, who have watched their share prices hit historic lows recently, are believed to be desperate to be seen to “do something” to deflect the attention of their very angry shareholders"

http://www.crikey.com.au/2012/11/01/tips-and-rumours-753/


DYOR.......