May 15 (Reuters) - Fairfax Media Ltd (FXJ) :
- Revised indicative proposal from TPG Consortium
- Received a revised, indicative, preliminary and non-binding proposal from a consortium including TPG Group (and Ontario teachers' pension plan board
- Revised proposal to acquire 100% of shares in Fairfax at a price of $1.20 per share with all consideration being in cash
- Fairfax board of directors is reviewing revised indicative proposal
- Macquarie Capital and Herbert Smith Freehills are advising Fairfax
