Those complaining about Rupert Murdoch wielding influence over prime ministers ignore the fact that prime ministers assiduously seek his favour.
Good morning, early birds. Kerry Stokes is now embroiled in reports about media involvement in the usurpation of Malcolm Turnbull. Plus, a Senate inquiry finds Peter Dutton misled parliament over the au pair scandal. It's the news you need to know, with Chris Woods.
What do you give to Kerry Stokes, a man with a multi-billion dollar media empire? Why, a $6 million government handout for an energy project he can easily fund himself, of course.
It seems the board has rejected other approaches, such as a rights issue, to help recapitalise the company.
Seven’s shares hit a record low of 63c last Friday and closed at 64c last night -- -- even as the broader sharemarket hit a three-month high. Things do not look good, write Glenn Dyer and Stephen Mayne.
Don't be surprised if Kerry Stokes sells out of Seven West altogether soon.
The move has raised some eyebrows.
Like with Jeff Kennett, Kerry Stokes has been aggressively defensive and dismissive of both the governance issues and the lack of accountability.