A consortium led by former APN Outdoor chief executive James Warburton is believed to be running the numbers on Prime Media and has bought a small stake in the regional broadcaster.
The consortium is understood to include ASX-listed investment firm CVC Limited, which is believed to have quietly built up a small stake in Prime of just under 5 per cent, meaning it does not need to disclose itself as a significant shareholder.
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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
