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No wonder Gina sells ALP mouthpiece !

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    Gina Rinehart dumps Fairfax shares

    Gina dumps all Fairfax shares - 14.99% of company - 352 million shares Mr John Klepec, Chief Development Officer, Hancock Prospecting; "We have come to the conclusion that the senior leadership of Fairfax Media has no workable plan to revitalise the company and address the declining business and circulation numbers." "A series of bad decisions made by the leadership team has instead increased the number of publication errors and reduced the company's performance to cover news to standards expected to maintain the credibility of some of the oldest and finest newspaper mastheads in the country." "The Fairfax radio stations will be in more successful hands when moved into the joint venture and management oversight of John Singleton's Macquarie Radio Network." "Should the Fairfax Media leadership change, we may consider a future role in the company."

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