With Fairfax Media confirming it is considering a separation from its real estate business, rumours have returned that the company’s newspaper assets could soon be sold off too, with Channel Nine tipped as a potential suitor.
According to The Australian, industry sources have reiterated suggestions that the Domain move would leave Fairfax exposed to a sale of its newspaper assets, which include The Sydney Morning Herald, The Age, and The Australian Financial Review.
Nine has been entertained as one of the companies eyeing off Fairfax’s newspaper business, with a merger deal between the two having been denied before in 2014 by former Nine boss David Gyngell.
B&T contacted Nine for comment, but the free-to-air TV broadcaster declined.
Fairfax and Nine already have a 50-50 joint venture in streaming service Stan.