Bruce Gordon takes $6.9m loss in Prime selldown

May 30, 2019 9:08

WIN owner Bruce Gordon has sold down his stake in regional network Prime Media Group.

The $8.9m sale of 43m shares sees Bermuda-based Gordon’s private company, Birketu, incur a $6.9m loss on the stake taken out in September 2017.

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Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

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2 COMMENTS

Rolls eyes 30 May 19

‘Bermuda based’

Just pay some tax!!!

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Sore eyes 30 May 19

A convenient $6.9m loss to offset other profits I suspect. Or maybe an ATO refund cheque will be on the way.

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Bruce Gordon takes $6.9m loss in Prime selldown

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