SMH ·general ·1 hour ago

The Rinehart-backed deal that’s created a smorgasbord for conspiracy theorists

Lawyer Bruce McWilliam, backed by billionaire Gina Rinehart, has acquired a near-10 percent stake in Southern Cross Media, sparking speculation about their intentions. McWilliam, former commercial director at Seven West Media, has not disclosed why Rinehart funded the purchase rather than buying shares herself. Fellow billionaire shareholder Alex Waislitz supports McWilliam for a board position.

Summary by Glance · SMH

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