Original article by Sharri Markson
The Australian – Page: 23 : 21-Jul-14
Australian mining heiress Gina Rinehart is a major stockholder in the struggling Fairfax Media newspaper publishing group. She owns 14.99% via her Hancock Prospecting business, but has been rebuffed in efforts to also gain a board position. Insiders claim that she may be contemplating a move to above 20% and possibly a complete takeover, in order to secure control over how the company is run. Newly installed directors would then remove current chair Roger Corbett and CEO Greg Hywood. Ex-Victorian premier Jeff Kennett says he has been asked by Rinehart whether he would serve on the board, but declined
CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, HANCOCK PROSPECTING PTY LTD, DOMAIN.COM.AU, ALLAN GRAY AUSTRALIA PTY LTD, BEYOND BLUE LIMITED