Australian politics, society & culture

Rinehart Seeks Editorial Influence At Fairfax

Tuesday, 19 June 2012 - 12:38am
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General Content Item: Left Column

"Fairfax Media’s largest shareholder, mining magnate Gina Rinehart, has asked for three board seats and the right to make significant editorial decisions in a move expected to be opposed by directors. It is believed Fairfax chairman Roger Corbett was prepared to offer Mrs Rinehart two board seats after her private investment company, Hancock Prospecting, confirmed yesterday it increased its stake from 13 per cent to 18.7 per cent."