Why is gina rinehart buying fairfax

So she could buy it with half the cash she raised from selling interest in coal and iron ore mines. Around Indigenous people fought in the First World War, and as many as 5, in the second.

But many Aboriginal and Torres Strait Islander diggers who made it home received little or no recognition for their contribution. On Anzac Day, , the first parade to commemorate their efforts and bravery was held in Sydney. Listen to our report from that day by Lindy Kerin. Search AM The full story More to add? A spokesman for Ms Rinehart's company, Hancock Prospecting, said the iron ore magnate may consider buying back into the media company in the future under new leadership.

He said the leadership team had reduced the company's performance of its key mastheads. Speculation heightened late last year of a tie-up between Fairfax Media and Network Ten, in which Ms Rinehart holds a 10 per cent stake. Ms Rinehart resigned as a board member of Ten in November last year. He worked as journalist at the Sydney Morning Herald in the late s.

It is elementary that most business investors seek to make money. There are a hundred other, healthier companies where this is possible, if that was genuinely her aim. Though she is tight-lipped about her own editorial priorities, there have been enough hints from those close to her to establish the real agenda. Ms Rinehart now owns The purchase of new shares does not increase these investors' stake in the television station.

Australia warns magnate on media. Australia media group cuts jobs. Australia 'needs media watchdog'. Ms Rinehart is seeking greater say in the day-to-day operations of Fairfax Media. Crisis of confidence?