rural-press-to-merge-with-john-fairfax

Rural Press to merge with John Fairfax

The merger creates a media company with an enterprise value of A$9 billion and makes it harder for potential suitors to buy the Australian newspaper group.
Australian print publisher John Fairfax Holdings has announced a cash and scrip acquisition of the entire issued capital of Rural Press to create a A$9 billion $7.08 billion media company.

Fairfax titles include The Sydney Morning Herald, The Age, The Australian Financial Review and several specialist magazines from which the company generated revenues of $1.9 billion for the financial year ended June 30, 2006.

With Rural Press, it will add to its portfolio 170 regional titles and more than 60 agricultural publications. The combined footprint will cover Sydney, Melbourne and Canberra, giving it a significant regional and rural publishing and printing presence with over 240 local and community papers. It will also have...
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