Fairfax Shares Rise During Bidding War

Fairfax’ shares have risen by 6.9 per-cent, taking them to a six-year high, after receiving competing bids for the company. The competing bids come from Australian telecommunications company TPG and US private equity company Hellman & Friedman. Hellman & Friedman are an established media investment company located in both New York City and San Francisco.…

AFP Raided Channel 7’s Office

The Australian Federal Police has raided Channel 7’s office in a wake of rumors that the station has secured a 3 million dollar paid interview with Schapelle Corby. The AFP has executed the search warrants, with 30 police officers and 8 patrol cars participated in the raid according to the Seven network. In a media statement,…

No licence for Ricky Wong’s HKTV

After 4 years of both public consulting and internal discussion and approval within the government, the Commerce and Economic Development Bureau (CEDB) released the results for the licensing for new TV channels. Unlike what the Hong Kong Government has previously promised before the whole public consulting began, it only issued 2 licenses to 2 companies,…