The Australian reports that Macquarie analyst Alex Pollak says in a note to clients: "We continue to hold a negative view towards Fairfax, but should (Ms Rinehart) prove unsuccessful in her push for board representation, she may look to increase her shareholding… The acquisition of Ten by News Corp has been mooted, but more likely in our view is that Ten merges with DMG Radio, half-owned by Lachlan Murdoch, who cashed up his $22m holding in Prime (Media) last week… If the convergence review sees the 75 per cent audience-reach rule repealed, then a Ten, Southern Cross merger would also be possible."
