July 4 2007 6:13pm (UTC+8) - Article by Slj
The Seven Network has increased its shareholding in West Australian Newspapers Ltd, the publisher of Western Australia's only daily newspaper The West Australian as well as the owner of numerous regional radio stations and newspapers, to 16.1%, an increase from its previous holding of 15%.
Seven originally purchased an 8.3% stake in the company last October this was later raised to 14.9%, at the time they called the holding a 'strategic stake.' Following the proclamation of the new media reforms in April Seven increased its stake in the company to a little over 15%. The Seven Network currently has no representation at a board level at WAN and has not yet asked for any positions on the board.
Australian-Media.com.au launched on February 12 2005 with the simple aim of discussing the Australian media - and for the past five years we have been doing exactly that.
March 1 2010