Companies

Jul 3, 2017

Last days of media dinosaurs as Fairfax suitor turns tail

Could there be any clearer sign that legacy media is in trouble than that private equity firms have turned their backs on Fairfax?

Crinkling News closing

These are strange and colourful days for the traditional Australian media.

Our free-to-air TV and radio networks shamelessly pocketed a $127 million government handout last week through abolished licence fees, three billionaires and the Commonwealth Bank pushed the Ten Network closer to the edge, or a buyout, and the over-hyped Fairfax Media found itself friendless and without a realistic suitor.

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2 comments

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2 thoughts on “Last days of media dinosaurs as Fairfax suitor turns tail

  1. ian kemp

    Crikey – yet more boring articles about the meeja. Dear crikey dudes & dudesses, love your work, please write about policy, people, politics. Not interested in the legacy media. Don’t read the “Australian” so no need to donate so much time to rebutting it, we don’t care. Thanks šŸ™‚ šŸ™‚

  2. Venise Alstergren

    I think Ian Kemp may have a point. Although a long term reader of Crikey I find these sort of articles are meaningless compared to what is happening in other parts of the world. We are too parochial by far.

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