MELBOURNE: Australian newspaper publisher John Fairfax Holdings Ltd said yesterday it was talking to various media groups after a report that it may spend up to A$1bil to buy a stake in the country's third-ranked broadcaster, Ten Network, from Canada's CanWest Global Communications Corp.
If Fairfax, which publishes the Sydney Morning Herald and the Australian Financial Review, buys into Ten Network Holdings Ltd, it would be well placed to take over Ten when the federal government eases media cross-ownership laws. – Reuters
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