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Due to Australian government concerns over media consolidation that limited any single foreign shareholder holding more than 25% interest in national and metropolitan newspapers, In August 2005, Fairfax ended its 16-month search for a new chief executive officer with David Kirk, a former Rugby Union World Cup winning captain of the New Zealand All Blacks being appointed to replace departing CEO Fred Hilmer.David Kirk got the job ahead of Fairfax COO Brian Evans (former head of Fairfax New Zealand) and Doug Flynn, who took the top job at UK Pest control company Rentokil after negotiations with Fairfax broke off.The company was founded by John Fairfax who purchased The Sydney Morning Herald in 1841, and the Fairfax family retained control of the business until late in the 20th century.

Fairfax Media was founded by the Fairfax family as John Fairfax and Sons, later to become John Fairfax Holdings.But it shows managers for a quarter of these funds aren't up to scratch More...Fairfax Media Limited (formerly John Fairfax and Sons) is one of the largest media companies in Australia and New Zealand, with investments in newspaper, magazines, radio and digital properties.Due to the costs of defending the takeover, Fairfax sold its television properties, including the Seven Network.In 1988, Fairfax sold its magazines (including Woman's Day, People, Dolly, and Good Housekeeping) to Australian Consolidated Press, and discontinued its Sydney afternoon tabloid The Sun, transferring some of its content and the sponsorship of the City to Surf to its new Sunday tabloid The Sun-Herald which also replaced the broadsheet Sunday Herald.

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