TPG Capital flags it would sell Fairfax again within five years, but commits to editorial independence

Private equity firm TPG has publicly committed to maintaining Fairfax Media’s charter of editorial independence if it is successful in its proposed takeover bid.

Speaking at today’s Senate Select Committee on the Future of Public Interest Journalism in Melbourne, Joel Thickins, head of TPG Capital Australia and New Zealand, said: “If TPG is successful in acquiring Fairfax we would commit to maintain its charter of editorial independence”.

Thickins said: “We are owners not managers”