Fairfax Media is not considering a shareholding in NEC

4 MARCH 2016: 

The Chief Executive Officer of Fairfax Media Limited [ASX:FXJ], Greg Hywood, said today:

“Despite being issued a robust denial, The Australian has once again published the falsehood that Fairfax Media is contemplating an interest in Nine Entertainment Co. [ASX:NEC]. So there can be no doubt: Fairfax Media is not interested in buying a stake of any size in NEC. Fairfax Media has not appointed Credit Suisse or any other advisors to assist Fairfax Media in buying a stake in NEC. The Australian’s suggestions to the contrary are a total fabrication.”