Fairfax Media has posted a loss of A$2.73 billion for 2011/12, driven by massive writedowns on the value of its newspapers.

CNN host Piers Morgan has labelled under-fire Republican Todd Akin a "gutless little twerp" after he failed to appear for an interview on his show.

MediaWorks is shrugging off weighty interest obligations thanks to a discounted buyout of debt that has led to three companies tussling