Seven West Media and Network 10 are shaping up as the likely buyers of Southern Cross Austereo’s regional TV stations in a deal more than five years in the making.
Street Talk understands the two networks are the preferred parties to acquire their respective affiliates. Sources said nothing had been signed and there was no guarantee any deal would go ahead, but an agreement was being negotiated and could be finalised within the next month.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
