Packering It In?

Bruce Gordon, head of Paramount TV Intl. and an Aussie broadcaster, has just upped his personal holdings in the Kerry Packer-owned Nine Network Down Under. And he has notified the stock exchange in Sydney that he’s privatizing his regional mini-web of three stations – all Nine affils – by buying out minority shareholders. Industry observers in Australia reckon Gordon may be positioning himself to take control of Nine, if and when Packer makes a move for the rival Seven web (still in receivership). Although Paramount was a member of a consortium to buy Nine two years ago, Buzz hears Gordon’s acting alone.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More News from Variety