Fairfax Tells Rinehart To Put Her Money Where Her Mouth Is

Law360, New York (June 29, 2012, 4:28 PM EDT) -- Fairfax Media Ltd. said Friday that top shareholder billionaire Gina Rinehart must make a bid if she wants to control the company, responding to an open letter in which she questioned its editorial independence and demanded a 30-cent boost in share price or the chair's resignation.

Fairfax's retort is the latest salvo in a public back-and-forth between the publisher and the mining magnate since Fairfax announced earlier this month that it would cut roughly 20 percent of its workforce over the next three years to combat...
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