The Guardian Australia – News ·general ·1 hour ago

Gina Rinehart bankrolls purchase of 10% stake in Seven network owner Southern

Australian billionaire Gina Rinehart has bankrolled former Seven media executive Bruce McWilliam's purchase of a 9.73% stake in Southern Cross Media, owner of the Seven Network and Triple M radio, in a $26 million deal announced Wednesday. Rinehart's finance company controls the shares and could assume ownership if McWilliam breaches their agreement.

Summary by Glance · The Guardian Australia – News

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