Catalano and Seven discussed news deal

Original article by Max Mason, Sarah Thompson
The Australian Financial Review – Page: 15 : 17-Jun-20

Sources have indicated that Antony Catalano is the previously undisclosed party to whom Seven West Media provided detailed financial information about its West Australian Newspapers business earlier in 2020. A deal for Catalano’s Australian Community Media to acquire WAN did not progress beyond initial discussions, and Seven West director Ryan Stokes advised at the time that the group had no plans to sell the business. Catalano was also holding talks with News Corp Australia about buying its portfolio of regional and community newspapers, a deal that also did not eventuate.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, WEST AUSTRALIAN NEWSPAPERS HOLDINGS LIMITED, AUSTRALIAN COMMUNITY MEDIA, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

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