Companies

Jun 12, 2012

Mayne: what deal did Packer and Stokes cook up in Broome?

As James Packer decides who he should sell his $1 billion controlling stake in Consolidated Media Holdings to, News Corp and Telstra have every reason to feel aggrieved.

Stephen Mayne — Journalist and Founder

Stephen Mayne

Journalist and Founder

As James Packer decides who he should sell his $1 billion controlling stake in Consolidated Media Holdings to, News Corporation and Telstra have every reason to feel aggrieved.

CMH has appointed UBS to run a professional and independent sales process, yet we read in the Saturday papers that Packer spent the weekend staying with Kerry Stokes in Broome.

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