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Prime and Seven tap on special dividend to merger deal

Max Mason
Max MasonSenior courts and crime reporter

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Prime Media will pay a special dividend as part of a sweetener to get its merger with Seven West Media over the line after the regional television broadcaster's shareholders expressed dissatisfaction with the original $64 million deal.

Prime CEO Ian Audsley, left, with chairman John Hartigan. Louie Douvis

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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com

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    Original URL: https://www.afr.com/companies/media-and-marketing/prime-and-seven-tap-on-special-dividend-to-merger-deal-20191209-p53i26