15 Sep 2010

News Limited sells Fiji Times

6:52 pm on 15 September 2010

Australia's News Limited has sold the Fiji Times for an undisclosed sum to Fiji company Motibhai.

The move follows a decree by the Fiji interim government that forced Fiji-based media outlets to be transferred into 90% local ownership, AAP reports.

News Ltd chief executive John Hartigan says his company has been a reluctant seller of Fiji's oldest newspaper.

The deal comes less than two weeks before the expiry of the deadline set by the interim regime.