Nine Fairfax merger gets Federal Court Approval

Today the Federal court has ruled in favour of the merger between Nine and Fairfax, the final step for the two companies to become one.

Nine CEO, Hugh Marks says “This remarkable merger draws together the quality, strengths, assets and reach of two of Australia’s most famous and successful brands to produce one business, which shapes as one of the largest and most diverse media organisations in the country. The scope of the opportunity is quite breathtaking. In addition to our existing television and digital businesses, Nine will include the iconic mastheads The Sydney Morning Herald, The Age and The Australian Financial Review and through the transaction we will also move to 100% ownership of subscription video platform Stan.”

The combined business will also have majority ownership of Domain and the Macquarie Media that includes stations 2GB, 3AW, 4BC, 6PR, and Macquarie Sports Radio.

Final planning can now begin for the first day of the combined operation with a new organisational structure and the expected impact on key divisions to be announced in coming weeks

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