The Wall Street Journal’s Market Watch reported that Kohlberg Kravis Roberts & Co (KKR & Co.) has sold its remaining 12% stake in Seven West Media Ltd. for around 260 million Australian dollars (US$255 million), dealing another blow to the country's struggling free-to-air television broadcasters. This marks U.S. private equity giant’s end of the seven-year relationship with the Australian broadcaster. The report adds that the shares were sold to a number of institutional … [Read more...] about KKR sells stake in Seven West Media while Network Seven names Tim Worner the new CEO