Original article by Jake Mitchell
The Australian – Page: 19 & 31 : 14-Oct-16

News Corporation is expected to finalise the acquisition of Sky News Australia owner Australian News Channel in coming days. ACN is owned by Seven West Media, Nine Entertainment Company and UK-based Sky. News Corp initially launched a $A25m bid for ACN in February 2015, although Seven rejected the offer and favoured operating Sky News as a joint venture with News Corp. Seven has now agreed to accept the takeover offer for ACN, whose 2015-16 profit fell by 19 per cent to $A6.9m.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, SKY NEWS, AUSTRALIAN NEWS CHANNEL PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SKY PLC, FOX SPORTS AUSTRALIA PTY LTD, NATIONAL RUGBY LEAGUE, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION