Fairfax Media denies Nine interest

Company News


Fairfax Media Limited (ASX:FXJ) has firmly quashed rumours it is considering an investment in Nine Entertainment Company (ASX:NEC).
 
In a statement issued today Fairfax CEO Greg Hywood said,
“Despite being issued a robust denial the Australian has once again published the falsehood that Fairfax Media is contemplating an interest in Nine Entertainment company. So there can be no doubt: Fairfax Media is not interested in buying a stake of any size in NEC. Fairfax Media has not appointed Credit Suisse or any other advisors to assist Fairfax Media in buying a stake in NEC. The Australian’s suggestions to the contrary are a total fabrication.”
 
Fairfax Media reported a net profit of $32.96 million for the six months to the end of December 2015. 

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