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News Corp.'s CMH Bid May Face Challenge From Stokes-Report

Australian billionaire Kerry Stokes could frustrate News Corp.'s (NWS) 1.97 billion Australian dollar (US$1.98 billion) bid for Consolidated Media Holdings Ltd. (CMJ.AU) by using his stake in the company to seek greater exposure to the pay television sector, the Australian Financial Review reports Friday, without saying where it got the information. Mr. Stokes, whose Seven Group Holdings Ltd. (SVW) has a 24% stake in Consolidated Media, which owns 25% of Australia's leading pay television provider Foxtel, was unlikely to sell his stake without trying to obtain a strategic benefit, the newspaper said. A spokesman for Seven Group was unable to be reached for comment. News Corp. is the owner of The Wall Street Journal and Dow Jones Newswires. Newspaper website: http://www.afr.com Write to [email protected]

Stock News for News (NWSA)
DateTimeHeadline
02/27/201707:01:31Current Report Filing (8-k)
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02/10/201712:48:41Amended Statement of Ownership (sc 13g/a)
02/10/201706:25:29Quarterly Report (10-q)
02/09/201716:21:14Current Report Filing (8-k)
02/09/201716:15:00News Corporation Reports Second Quarter Results for Fiscal 2017
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02/07/201712:19:24Amended Statement of Ownership (sc 13g/a)
02/03/201716:20:59Current Report Filing (8-k)
02/03/201713:39:17Amended Statement of Ownership (sc 13g/a)
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01/19/201709:00:00Among Top Home Buyer Challenges for 2017, Rising Mortgage Rates...
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