Five minutes ago, Nine and News Corp were bemoaning the unaffordability of housing for young people. Now? Not so much...
Nine CEO Hugh Marks emailed staff this morning announcing 144 job cuts and a new corporate structure.
The merger is officially on — despite a notable appeal from the former Domain CEO. So, what happens now?
Shares for both Nine and Fairfax have continued to drop following July's merger announcement. Will the union collapse before it even begins?
The bottom line for Nine-Fairfax is that it will have to avoid being a typical Australian media merger that destroys value, rather than creates it.
The recently released Nine-Fairfax merger scheme has put the combined value of Stan and Domain at close to $2 billion. That dwarfs the value of Fairfax's newspaper services.
Hugh Marks has improved his pay packet on the previous financial year, but what will happen when the Fairfax takeover is finalised?
Eddie McGuire has snagged a win over The Front Bar, amid ongoing speculation around whether the show will continue. Was this a surge of support, or a final farewell?
Alan Jones' $3.7 million payout has surely underlined some reputational and financial concerns. Now, Nine has their own suit to fight.