Industry | Media |
---|---|
Founded | 1988 |
Headquarters | North Richmond, Sydney, NSW, Australia |
Key people | John B. Fairfax, Chairman, Peter A. Roach, director |
Products | Newspapers |
Revenue | A$307 million (2006) [1] |
Website | www |
Rural Press Limited is an Australian media company, trading as Australian Community Media, [2] which owns approximately 170 newspaper and magazine titles, The Canberra Times being the most prominent. These are predominantly in rural Australia, though it also owns a number of agricultural publications in the United States and New Zealand. It also owned radio stations in regional South Australia and Queensland, a range of Australian classified advertising websites, and Australian commercial printing plants. It was formed in 1988 when Fairfax, then owned by Warwick Fairfax, sold some titles to Warwick's half brother John B. Fairfax. [3]
On 6 December 2006 it was announced that Rural Press Limited and John Fairfax Holdings would merge to form a new company estimated in value at $12 billion. [4] Under the deal, the family company of Rural Press chairman John B. Fairfax (who did not have an interest in the company bearing his family's name) would take a 13.5 per cent stake in the merged entity. This was just short of a controlling interest, but gave Fairfax a potential blocking stake if Publishing and Broadcasting Limited, News Corporation, the Seven Network or a private equity raider embarked on a hostile takeover, as had been widely anticipated following the Federal Parliament's passage of new media laws on 18 October 2006. [5]
The merger with Fairfax was completed on 8 May 2007. [6] The entity is generally known under the name Australian Community Media.
The Land is an Australian rural newspaper, founded in 1911 and was also the original name of the Rural Press Limited until 1981.
Concentration of media ownership is a process whereby progressively fewer individuals or organizations control increasing shares of the mass media. Contemporary research demonstrates increasing levels of consolidation, with many media industries already highly concentrated and dominated by a very small number of firms.
The Sydney Morning Herald (SMH) is a daily compact newspaper published in Sydney, New South Wales, Australia, and owned by Nine. Founded in 1831 as the Sydney Herald, the SMH is the oldest continuously published newspaper in Australia and has become a national online-news brand. The print version of the newspaper is published six days a week.
Knight Ridder was an American media company, specializing in newspaper and Internet publishing. Until it was bought by McClatchy on June 27, 2006, it was the second-largest newspaper publisher in the United States, with 32 daily newspapers sold. Its headquarters were located in San Jose, California.
Independent Newspapers Limited (INL) was a newspaper publisher in New Zealand. Started as the Wellington Publishing Company in 1906 to publish The Dominion, it began taking over other newspapers in the 1970s and was renamed Independent Newspapers in 1972. It accumulated over 80 publications before selling them all to Fairfax in 2003. INL then merged into Sky Network Television in 2005. INL was part owned by News Limited since early in 1964 when Rupert Murdoch made his first overseas newspaper investment – a 29.57 percent stake in the Wellington Publishing Company. The News Limited holding in INL fluctuated over the years and was just over 49 percent in 1997.
2GB is a commercial radio station in Sydney, Australia broadcasting on 873 kHz, AM. In 2010, 2GB held 14.7% of the total radio ratings share, making it the most widely listened-to radio station in Sydney.
Nine Radio is an Australian media company, operating radio stations nationally in the capital cities of Sydney, Melbourne, Brisbane and Perth, as well as regional Queensland, it is based in the Sydney suburb of Pyrmont. It was formerly a publicly listed company, but has been solely owned by Nine Entertainment Co. since 2019. The company was originally founded in 1938 as the Macquarie Broadcasting Service, adopting the name "Macquarie Media" after being acquired by Fairfax Media in 2015.
Australia has a modern and diverse media industry spanning traditional and digital formats, and catering mostly to its predominantly English-speaking population. In 2018 the Press Freedom Index ranked Australia 19th out of 180 countries
News Corp Australia is one of Australia's largest media conglomerates, employing more than 8,000 staff nationwide and approximately 3,000 journalists. The group's interests span newspaper and magazine publishing, Internet, subscription television, market research, DVD and film distribution, and film and television production trading assets. News Pty Limited is the holding company of the group.
The CBS Corporation was an American multinational media conglomerate with interests primarily in commercial broadcasting, publishing, and television production which was formed as the legal successor to the first incarnation of Viacom on January 1, 2006. It was one of two companies which succeeded the first Viacom, alongside the second incarnation of Viacom; both were controlled by National Amusements, a theater company controlled by billionaire Sumner Redstone. The spin-off was structured so that CBS Corporation would be the legal successor to the first Viacom, with the second Viacom being an entirely separated company.
Stuff Ltd is a news media company operating in New Zealand. It operates the country's largest news website, Stuff, and also owns nine daily newspapers, including New Zealand's second and third-highest circulation daily newspapers, The Dominion Post and The Press, and the highest circulation weekly, Sunday Star-Times. Magazines published include TV Guide, New Zealand's top-selling weekly magazine.
Publishing and Broadcasting Limited (PBL) was one of Australia's largest companies, with interests primarily in media and gambling. It was largely controlled by the Packer family for all of its existence.
Nine Entertainment Co. Holdings Limited is an Australian publicly-listed media company with holdings in radio and television broadcasting, newspaper publications and digital media. The entity is largely a successor to the former Publishing and Broadcasting Limited (PBL), which was established by the Packer family.
Fairfax Media was a media company in Australia and New Zealand, with investments in newspaper, magazines, radio and digital properties. The company was founded by John Fairfax as John Fairfax and Sons, who purchased The Sydney Morning Herald in 1841. The Fairfax family retained control of the business until late in the 20th century.
Warwick Fairfax is an Australian businessman and consultant based in the United States. He was well known in the 1990s as the media heir who privatised the publicly listed media company, John Fairfax Holdings Limited in 1987; only for the privatised company to fail three years later.
Media cross-ownership is the common ownership of multiple media sources by a single person or corporate entity. Media sources can include broadcast and cable television, film, radio, newspaper, magazine, book publishing, music, video games, and various online entities. In the United States, a recent increase in media merging and concentration of ownership has correlated with a decrease in trust in mass media.
Seven West Media Limited is an ASX-listed media company and is Australia's largest diversified media business with a leading presence in broadcast television, publishing and online.
Cox Media Group, Inc. (CMG) is an American media conglomerate principally owned by Apollo Global Management in conjunction with Cox Enterprises, which maintains a 19.9% minority stake in the company. The company primarily owns radio and television stations—many of which are located in the South, Pacific Northwest, Eastern Midwest, and Northeast, and the regional cable news network Pittsburgh Cable News Channel (PCNC).
The Canberra Times is a daily newspaper in Canberra, Australia, which is published by Australian Community Media.
Members of the Fairfax Family were prominent as Australian media proprietors, especially in the area of newspaper publishing through the company John Fairfax and Sons. Some members have also been prominent in Australia and philanthropy and the arts.
Australian Community Media & Printing (ACM) is a trading name of Rural Press Limited, a media company in Australia responsible for over 160 regional publications. Its mastheads include The Canberra Times, The Newcastle Herald, The Examiner, The Border Mail, The Courier and the Illawarra Mercury along with more than one hundred community-based websites across Australia and numerous agricultural publications including The Land and Queensland Country Life.
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