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Fairfax Media, which is currently in a share trading halt, is considering raising up to A$250 ($321.95 million) under an equity offer, a report says.
The Australian newspaper website says it understands investment banks UBS and ABN Amro are in talks with major Fairfax shareholders and other institutional investors about a raising.
The unconfirmed report says the talks are about a share placement or rights issue with stock potentially priced at between 70 cents and 80 cents a share.
Fairfax shares last traded at 93 cents.
The company called for a trading halt on its shares this morning.
"The reason for the trading halt is that Fairfax is currently considering capital management initiatives," it said in a statement.
