Business

Threat of competition smashes Telstra

Telstra fell as much as 8.5 per cent in early trade.

Telstra shares fell to their lowest level in five years on Wednesday, losing 7.5 per cent of their value on news that broadband provider TPG would build Australia's fourth mobile network.

Facebook takes new steps to stop 'revenge porn'

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Facebook is taking new steps to crack down on its network's "revenge porn" problem, including a new process that prevents users from reposting intimate images shared without the subject's consent.

Fox News hit with another sexual harassment suit

Julie Roginsky filed a lawsuit against the network's former chief executive Roger Ailes (pictured) and its current ...

Rupert Murdoch's Fox News was hit with another sexual harassment claim Monday, as on-air contributor Julie Roginsky filed a lawsuit against the network's former chief executive Roger Ailes and its current co-president Bill Shine.

Timing delays for a tilt at Fairfax

It is understood TPG has appointed corporate advisers Credit Suisse to work on a potential bid for Fairfax Media.

TPG may now wait until after Fairfax completes the spin-off of digital real estate group, Domain which is scheduled to be completed before the end of the calendar year, before it makes any takeover move.

Why Fairfax is being stalked by private equity

Fairfax chief executive Greg Hywood is pursuing a split of assets.

It appears almost a fait accompli that Fairfax Media is now in play. How the giant private equity group TPG, which has reportedly acquired just under 5 per cent of the company's shares, runs the process or deals with the assets is yet unclear.

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