Morning Agenda: A Newspaper Bidding War?By
The business of publishing newspapers may not be the most obvious thing to set a private equity executive’s heart fluttering.
And yet Wall Street is in a bidding war for Fairfax Media, the Australian company that owns The Sydney Morning Herald and Domain, a real estate portal.
What’s the attraction?
Property. In Sydney and Melbourne, Australia’s two largest cities, prices have been in an extended surge, and investors want a piece of the action through sites like Domain…
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