Seven Network Ltd has denied it was involved in heavy buying of WA Newspapers Holdings Ltd shares last week which resulted in a small spike in the publisher's share price.
Ever since Kerry Stokes' Seven Network Ltd made a pre-emptive strike on the WA Newspapers Holdings Ltd share register in late 2006, everyone in Perth has been wondering when he would throw his weight around. Today he did just that.
KERRY Stokes' Seven Network Ltd has increased its stake in West Australian Newspapers by less than 1 per cent, taking advantage of last week's implementation of reforms to media ownership laws.
