Today Crikey formalised its offer to buy Shares and Personal Investor, the two magazines being closed down by Fairfax, with this letter to Fairfax CEO Fred Hilmer.

We don’t expect a response until the offer has been carefully
considered by the Fairfax board, and analysed by the company’s in-house
analysts and external investment bankers.

After that happens we’ll let Crikey readers know the outcome. Meanwhile, here’s how The Australian and The Age covered Australia’s latest media takeover tussle this morning.