Channel 7
A brilliant strategic investment or a Machiavellian ploy, driven by revenge, to mess with the mind of a bitter enemy? The only thing certain about Kerry Stokes’ stunning raid on James Packer’s Consolidated Media this week is that billionaire long maligned as “Little Kerry” will be loving the wild speculation about his motives and intentions.
On Wednesday, Stokes’ Seven Network pounced on 15% of ConsMedia, giving the famously self-absorbed media industry something to talk about after an unusually long period of ownership stability.
The move also opened the third round of the epic Packer v Stokes slugfest.
Continue reading "Stokes vs Packer: A media mogul death match" »
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