Seven merger a matter of survival for Prime

Original article by Max Mason
The Australian Financial Review – Page: 20 : 22-Nov-19

Prime Media Group chairman John Hartigan says the federal government is not acting quickly enough on reforms that will allow consolidation in the media sector. He has warned that Seven West Media’s takeover bid is crucial for the survival of both Prime and regional journalism. Australian Community Media’s executive chairman Antony Catalano has queried this claim, arguing that Prime should therefore have undertaken a formal sale process to allow other potential buyers to make an offer.

CORPORATES
PRIME MEDIA GROUP LIMITED – ASX PRT, SEVEN WEST MEDIA LIMITED – ASX SWM, AUSTRALIAN COMMUNITY MEDIA

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s