Published: May 09, 2019
Former Fairfax executive relishes the challenge of making a profit from print after spending $115m on regional newspapers
Antony Catalano says he wouldn’t have bought a $115m media business if he didn’t have a plan. But our newest media mogul is reluctant to spell out just how he’ll turn 160 regional and rural mastheads whose advertising revenue has collapsed into a thriving media empire.
That was the question many were asking last week when the former Domain boss teamed up with the billionaire Alex Waislitz to buy Australian Community Media from Nine Entertainment. They paid a fraction of the $3bn price Fairfax Media paid for it in 2007, and it came with a property portfolio valued at $60m.
Continue reading...from The Guardian http://bit.ly/303M78e
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