Austrailia: Fears for Fairfax’s regional newspapers after Nine takeover

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 , but warned it would “review the scope and breadth” of the new business and forecast about $50m in cuts.