Original article by Caroline Overington
The Australian – Page: 13 & 18 : 18-Dec-19
Prime Media Group’s chairman John Hartigan expects shareholders to reject Seven West Media’s takeover offer for its regional affiliate on 18 December. He says the deal is likely to be blocked by major shareholders Bruce Gordon and Anthony Catalano, noting that they have a different agenda to other Prime investors. Hartigan supports the merger with Seven, arguing that cross-media ownership rules governing regional broadcasters are outdated and do not reflect the rise of streaming services. Hartigan has downplayed speculation that he will step down after the vote.
PRIME MEDIA GROUP LIMITED – ASX PRT, SEVEN WEST MEDIA LIMITED – ASX SWM