News boss ready to increase Fairfax stake to keep out predators - Murdoch warning to raiders 1 First With The News Edition

Speaking after the News annual shareholder meeting in Adelaide yesterday, executive chairman [Rupert Murdoch] said the company could easily increase its 7.3 per cent stake in Fairfax to block a full takeover. The news is likely to come as a relief to Fairfax's chief executive David Kirk and cha...

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Bibliographic Details
Published inThe Courier-mail
Main Author Mathew Charles, Chris Russell and Cameron England
Format Newspaper Article
LanguageEnglish
Published Brisbane, Qld Nationwide News Pty Ltd 16.11.2006
Subjects
Murdoch, Rupert
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Summary:Speaking after the News annual shareholder meeting in Adelaide yesterday, executive chairman [Rupert Murdoch] said the company could easily increase its 7.3 per cent stake in Fairfax to block a full takeover. The news is likely to come as a relief to Fairfax's chief executive David Kirk and chairman Ron Walker who are scheduled to meet Mr Murdoch today. Mr Murdoch also confirmed News was keen to forge closer ties with Telstra -- bringing together the nation's dominant players in telecommunications and media.
ISSN:1322-5235