Seven Network Buys Stake in Oz Publisher

06 December 2006

SYDNEY: Media magnate Kerry Stokes is jostling for position as Australian media ownership reforms loom near. His Seven Network television company has acquired a stake in publisher Fairfax , whose flagship titles include the Sydney Morning Herald and The Age.

The size of Seven's stake was not made public as Australian law demands this only when a shareholding exceeds 5%.

Data sourced from The New Zealand Herald; additional content by WARC staff