Worth a lot less now thanks to his mismanagement.
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One wonders whether Catalanoâs original plan to merge SCA with ACM was just a way of making both companies more attractive for Nine to acquire? Interesting that the above article lists The Newcastle Herald as part of the proposed sale given Nine already own NBN.
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This feels like the beginning of a move to really start to dismantle the empire - Covid allowed them to wind back some of the marginal mastheads, and selling what are arguably the three most valuable mastheads they have doesnât bode well for the future of the rest.
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