Seven West merger looks a done deal
Kerry Stokes plan to bring together Seven Media Group and West Australian newspapers looks almost certain to go ahead after WAN shareholders voted in favour of the plan.
A statement from Seven Group said:
11 April 2011 — Seven Group Holdings Limited (SGH) today welcomed the decision by shareholders in West Australian Newspapers Holdings (WAN) to support the acquisition of Seven Media Group to create Seven West Media.
Seven West Media (SWM) will be Australia’s leading publicly listed media company with a presence in broadcast television, radio, newspaper publishing, magazine publishing and online.