The Herald and Weekly Times

The Herald and Weekly Times Pty Ltd (HWT) is a newspaper publishing company based in Melbourne, Australia.

[1][2] The HWT's newspaper interests date back to 1840 and the launch of The Port Phillip Herald.

In the end, some major assets of HWT were divided up between Murdoch's rival Robert Holmes a Court.

Holmes a Court agreed to drop his $1.4 billion bid for the Melbourne-based Herald and Weekly Times in return for the right to buy its two Perth newspapers, The West Australian and its afternoon counterpart, The Daily News, as well as the Melbourne television station of Channel 7, HSV-7.

Murdoch in turn acquired Queensland Press in January 1987 via his family company Cruden Investments for $ 700 million.