NEW OWNER FOR FIJI TIMES

THE editorial independence of the Fiji Times is likely to be put under even greater pressure.

The threat arose after News Limited agreed to sell the Pacific nation’s oldest newspaper to local businessman Mahendra Patel.

News was forced to put the 142-year-old masthead up for sale after Fiji’s military government announced a crackdown on press freedom in late June, which included jail terms for journalists whose work is against the “public interest” and orders that media outlets must be 90 per cent owned by resident Fijian citizens.

It is understood Mr Patel, the chairman of Fiji conglomerate Motibhai & Company Limited and a former Fiji Times director, was regarded as the best candidate by News, with a number of bidders regarded as stalking horses for Commodore Frank Bainimarama’s regime.

The changes to media regulations were described as anti-democratic by former foreign minister Stephen Smith, New Zealand Prime Minister John Key, the Pacific Area Newspaper Publishers Association and News Limited chairman and chief executive John Hartigan.

They form part of a wider diplomatic rift between the Fijian and Australian governments, which will be handled by new Foreign Minister Kevin Rudd.

In a statement, Mr Hartigan said the sale to Motibhai was the “best possible outcome for the staff, advertisers and readers”. He added: “We are reluctant sellers of the Fiji Times, but I am delighted that we have been able to find a buyer who will take over the business as a going concern, respect its heritage and invest in its future.”

Nevertheless, News executives believe the new owner will have to accept an even greater level of government interference in the day-to-day running of the daily, which has been critical of the Bainimarama regime. The Fiji Times is Fiji’s largest newspaper, with an average Monday-to-Friday circulation of about 19,000.

It is believed News will receive $10-$20 million for the Fiji Times, although the sale is subject to regulatory approval.

About these ads

4 Responses to “NEW OWNER FOR FIJI TIMES”

  1. veda Says:

    Wow, not a bad deal for both corporations.I wonder why the FHL did not bid for a money making machine like the Fiji Times?

  2. tora Says:

    Congrat to Motibhai for their successful bid for the Fiji Times, now time to indianized the national media.

  3. Annon. Says:

    Smoke & Mirrors – Murdoch style.

    Anybody who believes the spin currently surrounding Fiji Times sale should closely examine known facts – what’s been said – more crucially – not said.

    Murdoch didn’t get where he is by being stupid – or intimidated.

  4. peni Says:

    First-off the salary scales will have to decelerate in order to enable the new owners to payoff the former owner? Seems to me that almost everyone working for the Fiji Times will have to work mighty hard to earned their salary. What a way to indonized our population?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Follow

Get every new post delivered to your Inbox.

Join 29 other followers

%d bloggers like this: