FXJ 0.00% 66.0¢ fairfax media limited

The Fin Review is reporting that Fairfax is considering spinning...

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  1. 468 Posts.
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    The Fin Review is reporting that Fairfax is considering spinning off Domain as a separately listed vehicle. As a novice to equities markets I'm not sure how this will affect FXJ's SP although my instinct is that it won't be good? Even if it generates over a billion in capital as reported, what would be left in the stable that would be attractive to investors? I also assume this will kill off that talk of a takeover by TPG. This move would put a lot of pressure on FXJ to invest any capital raised into powerful necromancy to ressurect traditional media into a sustainable business.

    Interested in others' thoughts.
 
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