Fairfax Board Rebuffs Rinehart

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By: Kirsty Simpson | The Sydney Morning Herald

The board of Fairfax, publisher of the Herald, has rebuffed Gina Rinehart’s bid for a seat because she will not agree to its charter of editorial independence.

In an explosive statement released late yesterday, Fairfax chairman Roger Corbett made his first public remarks on the mining magnate’s attempts to gain seats on the media group’s board, expressing regret an agreement could not be made ”on terms acceptable to the company”.

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