Southern Cross Austereo has followed Seven West Media in slashing millions from the value of its TV operations.
With its biggest shareholder slashing the value of its holding, the Seven West board is under a lot of pressure.
Yet another company is using "extraordinary" hard ball negotiation tactics with their staff, this time in the media.
Chair Kerry Stokes and CEO Tim Worner were optimistic at Seven's annual general meeting. But staff and shareholders won't have much to smile about.
The bottom line for Nine-Fairfax is that it will have to avoid being a typical Australian media merger that destroys value, rather than creates it.
Fairfax Media has published an apology to former PM Paul Keating about an unverified story which seemed suggested that Keating had threatened the ABC during his time as treasurer.
After years of pushing back against News Corp, Seven West Media has thrown in the towel and announced plans to deepen commercial ties.
Media and business followers will be keeping an ear to the ground for any rumblings of a Seven West Media deal, following a week of intense share trading.
Actress Rebel Wilson has hit out at the Court of Appeals ruling that slashed her record defamation payout by $3.9 million. She plans to appeal the verdict.