News Corp lifts stake in APN to 14.99% from 4.9%

Thu, 19 Mar 2015

March 19 (BusinessDesk) - News Corp, the global media group controlled by Rupert Murdoch, has lifted its stake in APN News & Media to 14.99 percent, buying shares from the target company's long-term shareholders Independent News & Media and Baycliffe. "APN is a high-quality portfolio of Australian and New Zealand radio and outdoor media assets and small regional print interests," News Corp said in a statement to the ASX. "It is led by a quality management team that has successfully driven improvements in the performance of the business."...

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