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The Australian reports on a price drop for ACP Magazines

The media section in The Australian today leads with a report claiming that the private equity business which owns Nine Entertainment, and through this ACP, would accept a price of $300 million for the business, a considerable drop in what was reported as the sale price.  The report says that analysts feel that CVC might get a better return by selling the parts of ACP rather than the whole business.  This will be an interesting story to watch given the direct connection with our businesses.  Check out page 34 of The Australian today.

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