Murdoch eyes radio assets in APN play

Original article by Dominic White, Sarah Thompson
The Australian Financial Review – Page: 13 & 18 : 20-Mar-15

Independent News & Media (INM) and Baycliffe have exited the share register of Australian-listed APN News & Media. INM netted about $A180m for its 191 million shares, while Baycliffe offloaded 125 million shares for $A117m. Meanwhile, News Corporation has built a 14.99 per cent stake in APN, although under existing media ownership laws it is prohibited from increasing this. APN shares were placed in a trading halt at $A0.94 on 19 March 2015

CORPORATES
APN NEWS AND MEDIA LIMITED – ASX APN, INDEPENDENT NEWS AND MEDIA PLC, BAYCLIFFE LIMITED, NEWS CORPORATION – ASX NWS, NOVA ENTERTAINMENT PTY LTD, KIIS1065, AUSTRALIAN RADIO NETWORK PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, 101.7 WS-FM, NOVA 96.9 PTY LTD, SMOOTHFM, 2DAY FM AUSTRALIA PTY LTD, NZME, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, CREDIT SUISSE (AUSTRALIA) LIMITED, ALLAN GRAY AUSTRALIA PTY LTD

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