Keating blasts Fairfax merger with Nine after 150 years

One of the best-known names in Australian media, Fairfax, will cease to exist by the end of the year, swallowed up in a takeover by the Nine Network. The 150-year-old company is set to become a minor partner in the merger. The Federal Government has welcomed the deal, but some Fairfax employees and, notably, former prime minister Paul Keating have derided it.

Fairfax Media CEO Greg Hywood and Nine CEO Hugh Marks. (AAP Image/Nine) Source: NINE