Southern Cross Austereo and WIN Corporation have discussed selling regional TV stations to Network Ten in a deal that would – if it goes ahead – allow billionaire Bruce Gordon to increase his stake in Nine Entertainment.
Three sources with detailed knowledge of the proposal said it “made sense” for WIN to sell its northern NSW station, and for Southern Cross to sell its southern NSW, Victoria and Queensland stations, to Ten.
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Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.
