Antony Catalano and his billionaire backer, Alex Waislitz, are attempting to stop ARN Media’s purchase of Southern Cross Austereo, hoping instead to merge the television and radio group with their own publishing operations.
Four media sources familiar with talks, who were not authorised to speak publicly about the matter, said Mr Catalano and Mr Waislitz had canvassed a potential merger of Southern Cross and Australian Community Media. If successful, it would create a regional media giant.
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Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.
Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
