Fairfax-Nine merger gets shareholders’ blessing
By Jonas Lopez in Media News on Monday, 19th November 2018 at 1:06pmShareholders of Fairfax Media have consented to the company’s merger with Nine.
The general meeting held today at the Domain offices saw the merger being approved at 81.49 per cent in favour against 18.5 per cent opposing votes. The motion sends the merger proposal for Federal Court review, with the ruling out next week. If the court approves the merger, the unified company called Nine will start operations on December 10, 2018.
“The company is entering the next phase in its more than century-long development. Our businesses and our journalism are well-positioned to continue to be the most compelling voices for the years ahead. The combined group’s increased scale of audiences and marketing platforms will drive value creation and deliver long-term benefits to shareholde...
To continue reading this article...