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News Corp. buys stake in APN News & Media; deal subject to regulatory approval

( March 23, 2015, 06:05 GMT | Insight) -- Australia's largest newspaper publisher, News Corp., has taken a 14.9 percent stake in APN News and Media, subject to regulatory approval, the Australian Financial Review reported. About 30.8 percent of APN was sold in a A$279 million ($218 million) block ...Australia’s largest newspaper publisher, News Corp., has taken a 14.9 percent stake in APN News and Media, subject to regulatory approval, the Australian Financial Review reported. About 30.8 percent of APN was sold in a A$279 million ($218 million) block trade handled by Credit Suisse. APN owns Australian Radio Network, 20 dailies and 80 other newspapers across Australia and NZ, including The New Zealand Herald. In New Zealand, APN controls three national radio networks and four additional major networks....

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