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Stuff CEO buys media firm for NZ$1
Business, AFP, Published on 26/05/2020
» WELLINGTON: Struggling New Zealand media giant Stuff Limited was sold in a management buy-out deal for the symbolic fee of NZ$1 (US$0.61), the group's Australian owners Nine Entertainment Co Holdings Limited announced on Monday.
Fairfax flags almost A$1 billion in writedowns
Business, AFP, Published on 02/08/2016
» Sydney: Leading Australian publisher Fairfax Media Ltd said yesterday that it would post nearly A$1 billion in writedowns in the year to July, while it announced the creation of a new reporting segment for its lucrative online real estate division.
Facebook shares dip below IPO price
AFP, Published on 21/05/2012
» Facebook shares plunged almost 12 percent below their IPO price in early trade Monday, as early buyers sought to cut losses during the stock's first full day of trade.