Shares in APN News & Media have jumped by around six per cent after they resumed trading following a halt that saw News Corp snap up a major stake in the smaller publisher and broadcaster.
APN shares were placed in a trading halt on Thursday as two major shareholders sold down their holdings in the trans-Tasman newspaper publisher and radio group and Rupert Murdoch's News Corp snared a 15 per cent stake.
APN shares closed 4.75 cents, or 5.04 per cent, higher at 99 cents on Friday after hitting a high of $1.075.
APN publishes about 100 newspapers, including many regional Queensland and northern NSW mastheads, and The New Zealand Herald, and its Australian Radio Network owns 13 stations across the KIIS and Pure Gold networks.
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