Sydney- Bermuda-based billionaire Bruce Gordon has bought the Nine Network affiliate in Adelaide, South Australia, from Southern Cross Broadcasting, to add to his WIN empire in regional Australia. He paid A$105 million (US$86.1 million) for the financially struggling station, just $5.7 million more than SCB shelled out for it in 1998. Recently WIN bought the Nine affil in Perth, Western Australia, while PBL Media acquired the Newcastle-based affil NBN. The James Packer-controlled PBL has flagged its intention to halve its 50% stake in PBL Media, selling out to its partner CVC Capital Partners.
Ad – Before Content
Related Articles
- LEGO® Masters Expands in Japan as Series Renewed for Second Season
- Viz University introduces new Viz Artist certifications aimed at upskilling designers of all levels
- ZEE5 Global announces new romcom original series Divorce Ke Liye Kuch Bhi Karega starring Abigail Pande and Rishab Chadha
- Banijay Rights Partners with Neil Gibson’s Twisted Comics to create comic books inspired by Black Mirror
- The Read Sea International Film Festival announces Spike Lee as President of Jury for 2024 edition
- Pixotope Launches Revolutionary AI-Powered Graphics Integration Tool for Broadcast Industry