The Cat And Seven West Media Held Talks About Potential Deal On West Australian Newspapers

The Cat And Seven West Media Held Talks About Potential Deal On West Australian Newspapers
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Media mogul Antony Catalano and Seven West Media reportedly were in talks about a potential deal on the Seven-owned West Australian Newspapers.

The news follows reports the Australian Community Media exec was looking to acquire News Corp’s regional publishing portfolio.
As reported on the AFR, according to sources Seven handed over Catalano with detailed financial information on its Western Australian Newspapers in late March to early April this year. However, any further talks of a deal did not go ahead.

Sources also said Catalano and SWM engaged in discussions to scale up ACM.

The AFR had previously reported Seven sent out financials on WAN to a mystery party, but the identity of the party in question has only been revealed now.

This all happened around the same time there were reports News Corp Australia was in discussion with ACM to sell its stable of over 100 community and regional titles to Catalano.

It is unclear where the deal stands, but it was reported at the time there were points of disagreement between Catalano and News Corp, including which titles would be included in the deal.

News Corp previously put its regional publishing business up for sale but withdrew it following the merger of Nine and Fairfax in 2018, and then Catalano brought ACM from Nine in June last year for $125m.

 

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