Independent Newspapers Limited( INL), Was New Zealand's largest media company, it did have a strong focus on innovation and leadership. Its newspapers, published throughout the country, have always emphasised editorial independence and excellence which, coupled with the introduction of the latest production technology, brings maximum benefits to both readers and advertisers. The company's magazines cover a wide facet of interests, ranging from the highly popular TV Guide (New Zealand's highest circulation weekly) through to the award-winning NZ Fish and Game, bible of the fishing and hunting community. Independent news papers was sold for over one billion dollars in cash to FairFax Media

Both INL's magazines and many other locally-produced and imported titles are distributed by Gordon and Gotch, which accounts for 55 percent of all titles circulated in the country. A major investment for INL in recent years has been the pay television operator, Sky Network Television Limited (66.25 percent ownership). One of the media success stories of the 1990s, Sky Network Television Limited, with its high quality content, has more than 430,000 subscribers on both its satellite and UHF platforms. Later this year it will launch Open TV to bring true interactivity to the nation's viewers. INL has heralded the arrival of the 21st Century by launching a major new Internet site. Utilising the rich content of its newspapers and magazines and capitalising on the strong alliance with its major shareholder, News Corporation, INL's internet site,Stuff, promises to set new standards. In this section you can find out more about our financial position, our company history and who's on our board of directors. Finance information

News Corporation emerged with a strategic 7.5 per cent stake in Fairfax as the takeover frenzy triggered by new Australian media ownership laws continued to escalate.

News instructed stockbroker JB Were Goldman Sachs to buy shares in Fairfax, which publishes The Sydney Morning Herald and The Age, several hours after the close of stock market trading.

It emerged with a stake worth about A$364 million ($418.2m) after paying A$5.20 a share.

News said last night it viewed the A$364m holding as a strategic stake during the shake-out of the media sector triggered by the Government's new media laws, The Australian newspaper, which is owned by News, reported today.

News spokesman Andrew Butcher said last night the stake was "merely an investment and it is entirely friendly to the existing board".

Click play below to watch an interview with one of the most powerful figures in media. Rupert Murdoch

Murdoch of Fox News Admits Manipulating the News for Agenda .


Rupert Murdoch on MySpace purchase.

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