James Packer's stake in Consolidated Media Holdings is edging to 45 per cent. ConsMedia, which owns stakes in pay TV companies Foxtel and Premier Media Group, has spent $174 million buying back 57.4 million shares since September 11. His stake has risen from 40.8 per cent to 44.5 per cent. Seven Network's stake has risen from 19.9 per cent to 21.8 per cent. Neil Shoebridge
