March 19, 2015
News Corp Australia today lifted its investment in APN News and Media – the publishers of the South Burnett Times newspaper – to 14.99 per cent.
Trading in APN shares was halted on the ASX ahead of the announcement.
APN’s Irish parent company INM (Independent News and Media) and Irish billionaire Denis O’Brien sold a block of shares worth almost $300 million to the Murdoch-controlled News Corp Australia.
The 10.2 per cent purchase added to the 4.8 per cent News already held in APN.
The purchase is subject to regulatory approval.
