Seven West Media chair Kerry Stokes has been ordered to pay $13.5 million, as the financial backer of Ben Roberts-Smith who lost his defamation action against Nine newspapers.
CPS Capital managing director Jason Peterson is seeking damages from Fairfax Media over an article published by the national news group that he claims is defamatory.
Trevor Kennedy was a knockabout cadet reporter on the Albany Advertiser newspaper before heading east in the early 1960s to leave his mark on the Sydney business and media scenes, including acting, at one stage, as Kerry Packer's right hand man.
ASX-listed marketing company IVE Group has acquired Australian Community Media's printing operations in Mandurah and signed a contract to print and distribute the company's newspapers.
Nine Entertainment has agreed to sell its regional and community newspapers for $115 million, offloading about 170 titles acquired last year in its merger with Fairfax Media.
Fairfax Media has less than three weeks left as an independent entity after its shareholders voted overwhelmingly in favour of the 175'-year-old company's merger with Nine Entertainment.
The competition watchdog will allow Fairfax Media's $4 billion merger with Nine Entertainment to go ahead after deciding the move would not diminish competition in Australian news and media.
Nine Entertainment and Fairfax Media have announced a surprise move to combine into a single $4 billion media giant they say will reach more than half of Australia through television, online, print and radio.
A number of local mining companies have moved up the stock market rankings, with contractor Ausdrill included in the S&P ASX 200 index, while South32 has been admitted into the top 20 as part of the market's quarterly rebalance.
Shares in energy giant Santos have soared to a 15-month high after the company confirmed it recently rejected a takeover offer from a major US investor worth almost $9.5 billion.
The Australian share market is trading solidly higher at lunchtime, with upbeat overnight sentiment lifting the local markets to near 10-year highs and the S&P/ASX200 to twice breach the key 6,
The Australian share market has finished the session in negative territory, with declines in the big banks and the materials sector offsetting a day of strong gains for local oil stocks.
Fairfax Media CEO Greg Hywood says the company is back on ‘plan A' and proceeding with spinning-off its Domain business, after two potential suitors walked away without making a bid.
Fairfax Media has rebuffed an approach from a consortium including advertising entrepreneur John Singleton for its 54.5 per cent stake in Macquarie Media.
Fairfax Media shares have hit their highest level in six years after a consortium led by US-based private equity giant TPG Capital upped its takeover bid by $500 million and widened it to now include the entire company.
Fairfax Media shares have jumped to a five-week high after the struggling company's board said it was considering an unsolicited $2.2 billion proposal to split up its businesses, while a reduction in television licence fees planned for the budget has boosted listed TV networks.
Journalists at The Sydney Morning Herald and The Age have voted to strike for a week, after Fairfax Media announced it would cut about 25 per cent of the jobs at its major Australian newspapers.
Netflix rival Presto will close at the end of January after Seven West Media agreed to sell its 50 per cent stake in the streaming service to co-owner Foxtel.
Nine Entertainment has negotiated its way out of a costly contract to broadcast US TV shows and is refocusing on local content in response to disappointing ratings.
Fairfax Media's new financial year has got off to a bumpy start, with its prized real estate advertising business, Domain, reporting a sharp slowdown in digital revenue growth.
Fairfax Media will record almost $1 billion of impairments when it reports its full-year results next week, with half the hit coming from the unit containing its Australian masthead newspapers.
The City to Surf has become an iconic WA event over the past 42 years but its status as the state's largest charity run is under threat from a relatively new event that employs a very different business model.
Creditors of movie streaming service Quickflix changed administrators to Deloitte, just two weeks after the company voluntarily appointed partners from Ferrier Hodgson.
Journalists at Fairfax Media will take industrial action following the announcement 120 editorial jobs will be axed from mastheads in Sydney and Melbourne.
To merge or to demerge is a question that goes beyond the mining industry; it's one that is also dividing opinions in the media world, with Australian and American publishers heading in opposite directions in what looks like a classic schism of ideas.
The value of shares held by some of the biggest names in mining have slumped along with the companies they lead, but there are pockets of good news in what has been a tough year on the markets.
Swan attacks Rinehart on Fairfax move – The Fin; G20 row over euro debt crisis – The Fin; Barnett blasts Liberals' choice -The West; Rate cuts in the balance between home and away – The Aus; Atlantic asks state for royalties relief – The West
ALP eyes clamp on right to strike – The Aus; Pipe down, EC chief tells Gillard – The Aus; Perth petrol prices head for year lows – The West; Rinehart stalks ailing Fairfax – The West; Weld Range wins approval of environment watchdog – The West
Fairfax Media chief executive Greg Hywood says the diversified publishing house delivered a "more than credible" fiscal 2011 result in the midst of deteriorating conditions in the second half.
