The Australian media shake-up continues with the purchase by Seven Network of a small stake in newspaper publisher Fairfax. It isn't known exactly how much stock was bought because Seven, headed by Kerry Stokes, does not have to disclose it unless it amounts to 5% or more. According to The Australian, Stokes is amassing a portfolio of strategic media assets ahead of imminent changes to media ownership laws. (Via New Zealand Herald)
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New share raid in Australian media shake-up
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