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Monday, January 29, 2007

Toll Road Giant Buys Newspapers to Silence Critics


Critics charge that the Macquarie purchase of American Consolidated Media is designed to silence critics of a Texas toll road project.

Trans Texas CorridorAustralian toll road giant Macquarie agreed Wednesday to purchase forty local newspapers, primarily in Texas and Oklahoma, for $80 million. Macquarie Bank is Australia's largest capital raising firm and has invested billions in purchasing roads in the US, Canada and UK. Most recently the company joined with Cintra Concesiones of Spain in a controversial 75-year lease of the 157-mile Indiana Toll Road. Click here to read more.

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