Rinehart hopes Singo will reconsider merge
Gina Rinehart, the largest shareholder in Fairfax Media, has written to John Singleton about him cutting all ties with Fairfax. In correspondence sourced by The Australian Rinehart says :
“I’m sad on several fronts. That Fairfax is losing you as a shareholder, that my friend has been so badly messed around and misrepresented by some at Fairfax and that Fairfax has lost a valuable opportunity to combine its radio and make revenue, combining with someone with your record of being able to run radio stations well … John, I hope when Roger (Corbett – Chairman) goes, you will reconsider, and this can be turned into many wins.”
She says when it comes to Fairfax there “are no wins, just loss, loss, loss and more loss”.
John Singleton told The Australian he had also been sent messages of support from the Fairfax family, including J.B. Fairfax, and former Fairfax and Rural Press chief executive Brian McCarthy “supporting my position on the deception of the shareholders and my general observations”.
A Fairfax Media spokesperson said: “We have nothing to say about unseen private emails between individuals.”