News: FXJ Australia's Nine Entertainment to buy Fairfax Media for $1.6 bln, page-26

Yep, shareholders are going to be asking... what premium? Nine shares are not worth $2bn. 18 months ago it was worth a lot less than half that. They've managed to put lipstick on a pig, but their profit has been on the slide for the past fews and I see no end to this trend.

With cashed up CBS taking over Ten, it's only a matter of time before competition intensifies even more... along with continued movement towards streaming. You already had Optus buy the world cup rights (although they stuffed it up), but in the long run, I would not be surprised if more big sports ended up on streaming with the telcos. That would leave all free to air for dead.

Don't let this takeover happen, Nine will die before FXJ.