FED:Doesn't matter who owns Fairfax: Hockey=3

AAP General News (Australia)
02-01-2012
FED:Doesn't matter who owns Fairfax: Hockey=3

Perth-based financial analyst Tim Treadgold says Ms Rinehart could easily afford to
buy all of Fairfax if she wanted to.

"She could afford to buy it (outright) almost out of her petty cash tin," he told ABC Radio.

"The cash flows she's getting out of the Hope Downs mine are very substantial and she's
also just sold assets which have pulled in $3 billion in cash."

Mr Treadgold agrees with Mr Cox that the mining magnate is assembling a media portfolio
which will enable her to have a greater say in national political affairs.

But he doesn't think she'll pursue an anti-Gillard government line.

Rather, he expects Ms Rinehart to simply be pro-mining and resource development.

"I don't think she'd get too involved in day-to-day politics," Mr Treadgold said.

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KEYWORD: FAIRFAX 3 CANBERRA

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