Gina Rinehart Acquires 10% Stake in Southern Cross Media

Mining billionaire Gina Rinehart has bankrolled a $26 million deal to purchase a 10% stake in Southern Cross Media, owner of the Seven network, marking her return to the media business.

27 May, 06:24 — 27 May, 06:24

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The GuardianMostly Factual82d ago

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

The $26m deal involving media executive Bruce McWilliam signifies return to media business for mining billionaire after previous holdings in Fairfax and Ten Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Gina Rinehart, Australia’s richest person, has bankrolled former Seven media executive Bruce McWilliam’s acquisition of an almost 10% stake in Southern Cross Media, which owns the Seven Network, the Triple M and Hit radio ...

By Amanda Meade

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Gina Rinehart Acquires 10% Stake in Southern Cross Media

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

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