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The union could also help seed a more meaningful bond between the two media companies.
Following completion of the transaction, Fairfax Media will hold a 58% shareholding in the merged entities, Ten Network will hold 17% and Oasis’ founders will retain 14%, with the balance held by a small number of minority shareholders.
The partnership of Ten Network, Fairfax, Oasis and RSVP will create a powerful business with myriad growth opportunities, here and overseas.” Sign up to the Ad News newsletter, like us on Facebook or follow us on Twitter for breaking stories and campaigns throughout the day. Send us your comments using the form below or contact the writer at [email protected] Have something to say on this? Or if you have a news story or tip-off, drop us a line at [email protected] Sign up to the Ad News newsletter, like us on Facebook or follow us on Twitter for breaking stories and campaigns throughout the day.
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The merger values the single entity at some million.
Fairfax will hold a 58% stake, Ten 17% and Haigh and Heysen 14%.