Gina Rinehart bankrolls purchase of 10% stake in Seven network owner Southern Cross Media | Gina Rinehart

Gina Rinehart, Australia’s richest person, has bankrolled former Seven media executive Bruce McWilliam’s acquisition of an almost 10% stake in Southern Cross Media, which owns the Seven Network, the Triple M and Hit radio brands and West Australian Newspapers. While the unusual arrangement – worth about $26m – does not give Rinehart a direct stake…

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