#header-inner img {margin: 0 auto !important; #header-inner {text-align: Center ;} Fiji Coupfourpointfive: Fiji Times up for sale

Friday, July 30, 2010

Fiji Times up for sale

The Fiji Broadcasting Corporation says PricewaterhouseCoopers is calling for expressions of interest for News Limited's interest in the Fiji Times.

The move follows the implementation of the Media Decree 2010, which stipulates foreign investors can only own up to 10 per cent of any Fiji-based media organization.

News Limited of Australia owns 90% of Fiji Times shares.

PricewaterhouseCoopers says interested parties must be able to provide evidence of their ability to meet the requirements of the Media Industry Development Decree 2010 and demonstrate financial capacity to make this acquisition.

In a statement it said short listed parties would be selected after an evaluation.

Applications close on Monday 09 August.

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