The controversial move will raise questions about Nine's intention for some of the Fairfax assets.
Journalists at Nine and Fairfax seem to be already embracing their looming marriage, following a scoop in Fairfax papers.
The ACCC's decision to approve Nine's takeover of Fairfax illustrates both a flawed assessment by the competition regulator and the flawed legislation it implements.
The ACCC would be hard pressed to block the Nine-Fairfax merger on the grounds of quality journalism.
ACCC chairman Rod Sims says that the competition regulator will be scrutinising Nine's takeover of Fairfax "very carefully" before giving approval.
The death of Fairfax has caused a lot of angst across the media landscape. But how did we get here?
After Nine's takeover of Fairfax, it will be a question of when, not if, the major mastheads will cease to print the dailies.
A reading of the history of Australian media mergers and takeovers shows that the highest value is always on the first day. After that, it's all downhill.