World’s richest woman raises Fairfax stake:
SYDNEY – The world's richest woman Gina Rinehart has boosted her stake in ailing Australian media giant Fairfax to 18.67 percent as she bids to win a board seat, it was revealed Monday.
The mining billionaire increased her holding from 12.58 percent, according to a regulatory filing.
She has been critical of the company management and her move came as Fairfax said it would slash 1,900 jobs and erect paywalls on its flagship titles in a major overhaul towards a digital future.
As p...
Keep on reading: World’s richest woman raises Fairfax stake
SYDNEY – The world's richest woman Gina Rinehart has boosted her stake in ailing Australian media giant Fairfax to 18.67 percent as she bids to win a board seat, it was revealed Monday.
The mining billionaire increased her holding from 12.58 percent, according to a regulatory filing.
She has been critical of the company management and her move came as Fairfax said it would slash 1,900 jobs and erect paywalls on its flagship titles in a major overhaul towards a digital future.
As p...
Keep on reading: World’s richest woman raises Fairfax stake
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