28 Jul 2010

Fiji Times has two months from today to sell 90 percent of its shares

11:11 am on 28 July 2010

The Fiji Times newspaper has two months from today to sell 90 percent of its shares.

The Fiji Times is 100 percent owned by News Limited, and September 28th, is the deadline for the media outlets to only have ten percent foreign shares under the interim regime's media decree.

Fiji Village reports PriceWaterhouseCoopers, who have been appointed by to assist in valuing the market price of the shares have confirmed that they have received a number of expressions of interest and they are working with the interested parties.

PriceWaterhouseCoopers also says that work on valuing the current market price of the 90 percent Fiji Times shares is still underway.