Bruce Gordon's WIN Corporation has bought Southern Cross Austereo's northern NSW regional television operations for $55 million.
Southern Cross released a statement on Tuesday confirming the deal, after it was revealed by the The Australian Financial Review. The purchase price will be paid in two instalments, one of $45 million on the completion of the sale and a further $10 million in a year's time.
Loading...
Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at [email protected]
