Kerry Stokes' Seven Network Ltd today continued its attack on the performance of West Australian Newspapers Holdings Ltd, arguing that WAN's improved quarterly results did not mean the company was "back on track".
Media magnate Kerry Stokes stepped up his attack on WA Newspapers Holdings Ltd today, telling nearly 1,200 Western Australian business people that the publisher had lost focus to its customers.
The directors of WA Newspapers Holdings Ltd have highlighted Seven Network Ltd's riskier investment profile, as they have sought to repel the rival media company's boardroom moves.
Seven Network Ltd chairman Kerry Stokes plans to break his silence on his challenge to the board of West Australian Newspapers Holdings Ltd, agreeing to speak exclusively at a WA Business News' Success and Leadership breakfast.
The long-awaited move by Kerry Stokes' Seven Network Ltd on West Australian Newspapers Holdings Ltd started this week, offering all the hallmarks of a long and protracted fight.
West Australian Newspaper Holdings Ltd has hit back at criticism by Seven Network Ltd chairman Kerry Stokes, calling the move to oust WAN directors an attempt by Seven to wrestle control of the company without paying an appropriate premium for it.
Stokes bid inaction blamed for WAN share slide; Coles returns to WA beef; Credit fears weigh on Wall Street; Big Business demands budget cuts to ease inflation; JB Hi-Fi upbeat despite 16% slide
West Australian Newspapers is embarking on a $189 million, two-year expansion plan that includes a $31 million redundancy provision to cover 220 full-time production staff at the company's Herdsman headquarters.
WEST Australian Newspapers Holdings has committed to entering the online advertising fray, outlining plans to spend $400,000 developing its web presence this financial year.