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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 djnews.sydney@dowjones.com

Stock News for News (NWSA)
DateTimeHeadline
07/07/201506:10:12Current Report Filing (8-k)
07/06/201520:50:50Exor Pitching PartnerRe Investors
07/06/201507:23:41Current Report Filing (8-k)
07/02/201516:18:07Statement of Changes in Beneficial Ownership (4)
07/02/201516:16:48Statement of Changes in Beneficial Ownership (4)
07/02/201516:16:21Statement of Changes in Beneficial Ownership (4)
07/02/201516:15:55Statement of Changes in Beneficial Ownership (4)
07/02/201516:15:03Statement of Changes in Beneficial Ownership (4)
07/02/201516:14:37Statement of Changes in Beneficial Ownership (4)
07/02/201516:14:13Statement of Changes in Beneficial Ownership (4)
07/02/201509:08:53Current Report Filing (8-k)
07/01/201507:22:45Current Report Filing (8-k)
06/30/201506:36:02Current Report Filing (8-k)
06/29/201506:32:22Current Report Filing (8-k)
06/26/201507:34:44Current Report Filing (8-k)
06/25/201512:54:16Roger Ailes Extends Contract With Fox News -- Update
06/25/201509:07:00Millennial Sentiment Trending More Positively About Purchasing...
06/25/201509:00:00Millennial Sentiment Trending More Positively About Purchasing...
06/25/201507:38:28Current Report Filing (8-k)
06/22/201506:08:54Current Report Filing (8-k)

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