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Friday 25 May 2007

Newspaper Closures / Absorptions - Mexico

by Tatiana Repkova

One of Mexico's leading regional newspapers has said it is shutting down temporarily amid continuing attacks and threats from suspected drug gangs. The offices of Cambio Sonora have come under grenade attack twice since April. The newspaper is based in Sonora state, on the U.S. border, which last week saw a battle between drug gangs and security forces that left 22 people dead.

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Mergers / Acquisitions - Australia

by Tatiana Repkova

A consortium led by Ireland's Independent News and Media PLC has failed in its attempt to gain 100 percentpercent ownership of Australia's third largest media group, APN News&Media Ltd, with shareholders voting against the deal, APN said.

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