It’s a momentous time for Australia’s big media players and Rupert Murdoch, James Packer and Kerry Stokes are all jockeying for position in the new media landscape.
Spending on television advertising in the US grew by 4.5%, despite predictions the growth of the internet would erode television spending, according to a new Nielsen survey.
Kerry Stokes has unveiled a $5.2 million media mega deal that will see him transfer ownership of the Seven television network and media businesses to Perth's West Australian Newspapers.
The wealthy exert their influence through various avenues. For Gina Rinehart, her recent stake in Ten Network could be one way she's throwing her weight around.
While some billionaires will use their university degrees all their life, for others, secondary and tertiary education will simply be a stepping stone to other things.
When Kerry Stokes agreed to cancel 15 million Seven Group shares if WesTrac missed its 2011 profit forecast, he included all kinds of force majeure get-out clauses – but not one for 'government stupidity'.
RiskMetrics and CGI Glass Lewis have advised their clients to vote against the Seven-WesTrac deal. That doesn't mean investors won't want it to proceed.