Kelly urges Nine-Fairfax mega-merger

Original article by Jake Mitchell
The Australian – Page: 23 : 7-Mar-16

Fairfax Media CEO Greg Hywood recently ruled out merging with Nine Entertainment Company if cross-media ownership laws are relaxed. However, Nine’s former CFO Simon Kelly believes that the media group should merge with both Fairfax and regional broadcaster Southern Cross Media. He argues that a three-way merger would create a multi-platform company with about 30 per cent of the advertising market and revenue of around $A4bn.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, WIN CORPORATION PTY LTD, NETFLIX INCORPORATED, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, APN NEWS AND MEDIA LIMITED – ASX APN, REA GROUP LIMITED – ASX REA, FOXTEL MANAGEMENT PTY LTD, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NOVA ENTERTAINMENT PTY LTD, MULTI CHANNEL NETWORK PTY LTD, OAKTREE CAPITAL MANAGEMENT LLC, APOLLO GLOBAL MANAGEMENT LLC, THE GOLDMAN SACHS GROUP INCORPORATED, TICKETEK

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