Fairfax, Nine deal set to get the nod

Original article by Lilly Vitorovich
The Australian – Page: 19 : 8-Nov-18

Brian Han of Morningstar expects the proposed merger between Nine Entertainment Company and Fairfax Media to receive regulatory approval on 8 November. Han says the Australian Competition & Consumer Commission is likely to take into account the impact of digital on traditional media when deciding whether to approve the $4bn deal. Nine Entertainment posted a 2017-18 net profit of $209.7m, while Fairfax made a loss of $63.8m.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, MORNINGSTAR PTY LTD, MEDIA, ENTERTAINMENT AND ARTS ALLIANCE, MST MARQUEE, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, STAN ENTERTAINMENT PTY LTD, MACQUARIE MEDIA LIMITED – ASX MRN, GOOGLE INCORPORATED, FACEBOOK INCORPORATED

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