Fairfax Media has scotched a newspaper report that it's considering buying a stake in Nine Entertainment.
Despite being issued a robust denial, The Australian newspaper has "once again published the falsehood that Fairfax Media is contemplating an interest in Nine Entertainment", Fairfax chief executive Greg Hywood said Friday.
"So there can be no doubt: Fairfax Media is not interested in buying a stake of any size in NEC," he added.
Fairfax Media hasn't appointed investment bank Credit Suisse or any other advisors to assist the company in buying a stake in NEC, Mr Hywood said.
"The Australians suggestions to the contrary are a total fabrication," Mr Hywood said in a brief statement Friday.
Fairfax shares were steady at 77.5 cents each at 1028 AEDT.
Share
