1 Feb 2012

Reinhart seeking larger stake in Fairfax

12:51 pm on 1 February 2012

Australia's richest person Gina Reinhart is trying to obtain a larger stake in Fairfax Media.

The Sydney Morning Herald reports that Mrs Reinhart approached fund managers on Tuesday night in a $A192 million attempt to acquire a further 10% stake in Fairfax, largest independent media group in Australia.

If successful, the billionaire mining heiress would own 14% of the company and possibly have a seat on the board.

Mrs Reinhart already owns 10% of the Ten Network, where she is a director.