Tuesday, July 03, 2007

Fairfax buys into Southern Cross Broadcasting

In a deal with Macquarie Media Fairfax is acquiring part of the Southern Cross Broadcasting network and getting back in to radio and taking on some TV production assets.

It's a smart deal and gets them some useful distribution points and content supplements in markets they are currently not strong in, as well as Sydney and Melbourne.

On today's news we can expect Fairfax to launch an online news site in Perth a la the Brisbane Times fairly swiftly.

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