MUMBAI: Nine Publishing, the new name for Fairfax Media after its buyout last year by commercial broadcaster Nine Entertainment, lost its appeal Tuesday against an Aus$300,000 ($211,000) defamation payout to star West Indian cricketer Chris Gayle, who was wrongly accused of exposing himself to a female massage therapist during the 2015 World Cup in Sydney.
Nine Entertainment
Jul 27, 2018 17:07
MELBOURNE: The former Australian cricket broadcast rights holder Channel Nine’s owners, Nine Entertainment has taken over one of the country’s premier media organizations, Fairfax Media. As per the deal, the merger is valued at an estimated AUD 4 billion ($3 billion). The company will be run on Nine’s name solely as it will be holding 51.1% stake in the company while Fairfax will own the remaining 48.9%.