Pretty sure it's a misconception about the mastheads bleeding cash. They're cash flow positive and the losses are basically just write downs in book value, just paper losses. Also I think local interests in NZ, Melbourne etc would love to own their local. So they have value still.
As for Domain if you really 100% believe put your bet on it, me I'd like to hedge my bet.
Pretty sure it's a misconception about the mastheads bleeding...
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