A shake up of Australia’s media landscape appears more than likely, despite the collapse of the Gillard government’s media reforms.
The potential $4 billion merger between Southern Cross media
(ASX:SXL) and Nine Entertainment Co has been dealt a wild card, with an approach by Bruce Gordon controlled Win Corporation.
Mr Gordon is understood to have approached Nine in recent weeks about a possible merger.. Watch this space.
Southern Cross last turned in a $45 million net profit to December 31.
