23 Sep 2010

New owners of Fiji Times paper take over

9:58 am on 23 September 2010

The new owners of the Fiji Times took over the country's oldest newspaper on Wednesday at a private handover in Suva.

The Australian arm of Rupert Murdoch's News Corporation reluctantly sold the Fiji Times to Suva-based conglomerate Motibhai Group for an undisclosed sum last week.

The newspaper, established in 1868, faced closure at the end of the month if News Ltd could not find a local buyer after Fiji's interim government passed a decree ruling all media must be 90 per cent locally owned.