Original article by Jake Mitchell
The Australian Financial Review – Page: 17 : 27-Aug-14

The combined stake of 36% in Nine Entertainment held by US-based hedge funds Oaktree Capital and Apollo Global Management will come out of escrow on 28 August 2014. There have been claims in News Corporation newspaper "The Australian" that rival publisher Fairfax Media is preparing to acquire a major holding in Nine. However due to current cross-media ownership laws it would only be able to purchase 14.99% of the free-to-air TV group, and Fairfax has rejected the speculation

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NEWS CORPORATION – ASX NWS, NEWS CORP AUSTRALIA PTY LTD, OAKTREE CAPITAL MANAGEMENT LLC, APOLLO GLOBAL MANAGEMENT LLC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, CITIGROUP PTY LTD