WIN’s Bruce Gordon Increases Stake In Seven’s Regional Affiliate Network

WIN’s Bruce Gordon Increases Stake In Seven’s Regional Affiliate Network
SHARE
THIS



Billionaire media mogul and WIN Corporation owner Bruce Gordon has shifted his attention from the Ten-CBS deal to the regional affiliate partner of the Seven Network, purchasing 39 million shares in Prime Media.

The shares were purchased via Gordon’s private investment company, Birketu, on Thursday at 40 cents from Seven Group Holdings, according to Fairfax, which grows the media mogul’s stake in Prime to just under 15 per cent.

However, Gordon is unable to take over Prime due to a rule that stops a company from operating more than one commercial TV licence in the same area – a rule that is not included in the federal government’s media reform package.

The move comes as Gordon and fellow media mogul Lachlan Murdoch wait for Ten’s administrator to issue an independent expert report before deciding whether or not they will try one last time to block the sale of Ten to CBS.

It also follows speculation that Seven West Media is set to acquire Prime, which the Kerry Stokes-owned media company addressed last week.

Latest News

M&C Saatchi’s This. Film Studio Announces Nat Geo Doco Series On Rhino Conservation 
  • Campaigns

M&C Saatchi’s This. Film Studio Announces Nat Geo Doco Series On Rhino Conservation 

M&C Saatchi Group’s film and television production studio THIS. has revealed its first major project, a two-part documentary series in partnership with National Geographic, Cisco Systems, Canon Australia and Land Rover South Africa. The documentary series, hosted by cricket legend Kevin Pietersen and outback wrangler Matt Wright with conservationist and Canon Australia Photographer, Julia Wheeler, […]

Ovarian Cancer Australia Appoints 10 Feet Tall As Its Integrated Agency Partner
  • Media

Ovarian Cancer Australia Appoints 10 Feet Tall As Its Integrated Agency Partner

Following a competitive pitch process, 10 feet tall is standing proud as the newly appointed agency for Ovarian Cancer Australia (OCA). The agency’s response to a complex brief included a strong multifaceted brand platform that spans all media and includes mainstream media working in conjunction with fundraisers and activations for the charity throughout the calendar […]

Edge Adds BASF Seeds To Client Stable
  • Advertising
  • Media

Edge Adds BASF Seeds To Client Stable

Independent agency Edge has announced its Melbourne office has been appointed to deliver integrated services for agricultural brand BASF Seeds, following a competitive pitch. Edge’s remit spans strategy, creative, advertising, digital and media for BASF Seeds, its InVigor products and its MySeed platform. Dan King, managing director of Edge Melbourne, said the agency was delighted […]

Cropped shot of two men working together with laptop and notepad in a minimalistic workplace enviroment with desklamp and plant
  • Media

Applications Open For 2018 Copy School

Applications have opened for the 2018 Copy School in Sydney, sponsored by NewsMediaWorks, with another world-class line-up of guest creative tutors. Copy School is designed to encourage the best quality copywriting across all channels and engages some of Australia’s leading advertising creative directors and copywriters, as well as news media executives, to pass on their […]