Prominent Melbourne media identity and former Liberal Party bagman Ron Walker has refused to rule out buying The Age, saying he has a "constant interest" in acquiring the ailing paper.

Speculation over a sale reached fever pitch today after Jeff Kennett used his regular Herald Sun column to pronounce that Melbourne could not afford to become a one-paper town and that The Age currently "has no economic future".  Kennett had no doubt that a "consortium of Victorians" would be prepared to buy the masthead and revive its future as a paper of record.