Prime Media chapter closes with Seven bid nod
Prime Media shareholders have voted to take the money after chair Cass O’Connor urged a weigh up of ‘certain cash return vs uncertain future returns’.
Prime Media shareholders have voted to take the money after chair Cass O’Connor urged a weigh up of ‘certain cash return vs uncertain future returns’.
Australian shares rally to close up 0.3%, tracking gains in the oil price. Prime Media investors gives nod to $132m takeover, Bega Cheese warns on earnings and Centuria buys Heritage Lifecare for $291m.
With Seven Network winning its bid for long-time regional partner Prime Media, this is how it will affect TV viewers.
Seven West Media has been given permission to complete the purchase of a broadcasting rival in a deal tipped to transform the Kerry Stokes-backed firm.
Analysts at JPMorgan believe the Kerry Stokes-backed Seven West is in a better position with regional television operator Prime in its stable.
Seven West Media’s $132m acquisition of regional television broadcaster Prime Media Group now throws the spotlight on Bruce Gordon’s WIN Television.
Seven West Media has announced plans to acquire its regional broadcasting affiliate in a landmark deal for the industry.
Regional media company ACM has purchased another stake in Prime Media Group but it comes amid concerns over outdated media ownership laws.
Antony Catalano and Alex Waislitz have lifted their stake in Prime Media to 20 per cent after striking deal with billionaire businessman Bruce Gordon.
After dropping as much as 0.5 per cent, the ASX clawed back into positive territory.
Southern Cross Media Group has for some time been spearheading a plan to bring together its TV operations with those of Prime Media Group and WIN Corporation.
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