No extra time for Fiji Times
A month and a day.That is the only time left for News Limited to sell off 90 percent of it’s shares in Fiji Times Limited.There are revelations today that Fiji Times had asked for more time from Government to sell the shares as it’s expressions of interests just closed earlier this week.However Attorney General, Aiyaz Sayed-Khaiyum has made it clear that no more time will be given to Fiji Times.
Sayed-Khaiyum has also made it clear that Fiji Times operations will have to be closed down if it does not comply with the Media Decree, according to the set deadline.
Price Waterhouse Coopers which is handling the expressions of interests for Fiji Times shares confirmed that they have received a number of offers from interested parties.
PWC said it is now working with News Limited and they are putting all efforts into ensuring that a suitable investor is found and that the process moves as quickly as possible.
Story by: Vijay Narayan