Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 18 : 18-Sep-24

Several sources have indicated that regional broadcaster WIN Corporation is close to finalising a deal to sell Northern Rivers Television to the Ten Network. NRN broadcasts in northern NSW, and the TV station is tipped to fetch significantly less than the $55m that WIN paid for it in 2017. However, divesting NRN would allow WIN owner Bruce Gordon to increase his stake in Nine Entertainment to about 25 per cent by converting cash-settled equity swaps that are held on his behalf by Macquarie Group into shares.

CORPORATES
WIN CORPORATION PTY LTD, TEN NETWORK HOLDINGS LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, MACQUARIE GROUP LIMITED – ASX MQG