The Guardian, US Edition
Journalists worry that company’s 160 local mastheads will be offloaded
Journalists at the 160 regional newspapers owned by Fairfax Media say they are not sure what the future holds after the company’s $4bn takeover by Nine.
The two media companies announced the shock merger on Thursday. Nine claimed the deal will create Australia’s largest integrated media player, but warned it would “review the scope and breadth” of the new business and forecast about $50m in cuts.