Over the past year, media industry executives have been sounded out over their possible interest in buying ACM’s publishing assets, but a buyer has yet to emerge, according to three sources familiar with its efforts, speaking on the condition of anonymity to discuss confidential information. Now the company is expected to try again.
It’s difficult to imagine who would buy it. Nine offloaded the assets, and News Corp Australia’s interest in the regional media business is a relative unknown. Then there is Southern Cross Austereo, which scooped up a handful of publishing assets when it merged with Seven West Media earlier this year. Even then, CBD hears the company is not looking at Catalano’s regional media empire.
Staff at ACM have been invited to town hall at 3pm via Zoom billed as an “update on ACM’s position regarding Antony Catalano”
‘Shocked and repulsed’: ACM leaders back vote of no confidence in Catalano
Australian Community Media executives have backed a vote of no confidence in the company’s co-owner Anthony Catalano from its journalists, following his alleged assault on a woman last week.
ACM-employed members of the Media, Entertainment and Arts Alliance met on Tuesday, and issued a statement that afternoon saying Catalano’s actions “undermine the trust of the communities we live and work in”.
ACM issued a response to the MEAA members’ statement on Wednesday afternoon, acknowledging the vote of no confidence, and adding its support.
In a separate development, the Australian Financial Review apparently defied a court order in naming the woman allegedly assaulted by Catalano.
MEAA statement
Former Illawarra Mercury sports editor Tim Barrow died on March 27, aged 43, after a short illness.
Tim began his journalism career as a cadet at The Daily Advertiser at his hometown of Wagga Wagga in 2001, before moving to The Canberra Times and then the Mercury from 2008.
Another round of windbacks - confirmed the Northern Daily Leader will go to Saturday only print from may 9th
The Tamworth ACM print site will close on May 8, with the weekend edition to be printed in Sydney instead, at News Corp’s Chullora facility.
Paywall article
Does this mean it has to drop “Daily” from the title and just go Northern Leader?
Have Anthony and his wife reconciled? I’d be making sure he stays the hell away from me and the kids if I was his wife…
The Australian reported this afternoon that representatives from Gina Rinehart and Hancock Prospectives held talks with the owners of ACM in recent months about buying the media company, although discussions have so far not progressed further.