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The Nexus
BUSINESSMay 27 · 06:24 UTCTHE GUARDIAN WORLDAmanda Meade

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

Gina Rinehart, Australia’s richest person, has funded Bruce McWilliam’s $26m acquisition of a 10% stake in Southern Cross Media, which owns the Seven Network and other media assets. The deal includes a contingency allowing Rinehart to control shares if McWilliam breaches terms.

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Gina RinehartpersonBruce McWilliampersonSouthern Cross MediaorganizationSeven NetworkorganizationTriple MorganizationHit radioorganizationWest Australian NewspapersorganizationFairfaxorganization
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