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.…

Staff Strike over Fairfax Job Cuts

Staff at Fairfax Media will not be covering the Federal Budget after voting to go on strike next week, following an announcement of job cuts across the company’s Australian Newspapers. Journalists and editorial staff from WA Today, The Sydney Morning, The Age and Brisbane Times will be affected by the cutting of 125 jobs, which…