Prime Media Group will face a doomed shareholder vote after the competition regulator cleared the takeover of the regional broadcaster by Kerry Stokes'Seven West Media.
Prime will push ahead with a vote this week for a desired merger with Kerry Stokes'Seven West Media despite knowing it is doomed to fail
Prime Media Group executives and directors are heading into crisis meetings to come up with a new strategy after plans to merge with Seven hit a roadblock
Bruce Gordon and Antony Catalano have put the Seven-Prime deal in doubt days before the shareholder vote.
Prime Media Group has promised shareholders a fully franked special dividend if they vote in favour of a merger with Kerry Stokes’ Seven West Media in an attempt to quell a backlash against the offer.
Seven West Media's directors will host an urgent meeting on Monday to decide whether to put a sweetener on the table for Prime Media Group.
Major proxy adviser CGI Glass Lewis has given the thumbs up to Seven West and Prime Media Group's planned merger.
Regal Funds Management co-founder and chief investment officer Philip King has admitted that he is unhappy with Seven West Media's offer to buy Prime Media Group.
High-profile media executive Antony Catalano will jostle for a seat on the Prime Media Group board should a landmark deal with Seven fall over.
Prime Media Group chief executive Ian Audsley is dubious about a deal between newspaper businesses and television networks.
Prime Media chairman John Hartigan says the"disruptive influence"of foreign digital players are posing the biggest challenge in history to television networks.