Rural Press
From Wikipedia, the free encyclopedia
| Rural Press Limited | |
| Type | Public (ASX - RUP) |
|---|---|
| Founded | |
| Headquarters | Australia |
| Key people | John B. Fairfax, Chairman, Peter A. Roach, Director |
| Industry | Media |
| Products | Newspapers |
| Revenue | ? AUD |
| Website | [http://www.ruralpress.com/ |
Rural Press Limited owns roughly 160 newspapers and magazines, The Canberra Times being the most prominent. These are predominantly in rural Australia, though it also owns a number of agricultural publications in the United States and New Zealand. It also owns radio stations in regional South Australia and Queensland, a range of Australian classifieds websites, and Australian commercial printing plants.
On 6 December 2006 it was announced that Rural Press Limited and John Fairfax Holdings Limited would merge to form a new company estimated in value at $12 billion. [1] Under the deal, the family company of Rural Press chairman John B. Fairfax (who did not have an interest in the company bearing his family's name) would take a 13.5 per cent stake in the merged entity. This was just short of a controlling interest, but gave Fairfax a potential blocking stake if Publishing and Broadcasting Limited, News Corporation, the Seven Network or a private equity raider embarked on a hostile takeover, as had been widely anticipated following the Federal Parliament's passage of new media laws on October 18, 2006. [2].
 This article about an Australian corporation or company is a stub. You can help Wikipedia by expanding it. |
