Crikey founder seeks WA News board seat

SHAREHOLDER activist and internet publisher Stephen Mayne has nominated for the board of WA Newspapers Holdings Ltd, contesting the seat held by chairman Peter Mansell. Mr Mayne’s nomination comes a year after Kerry Stokes’ Seven Network Ltd emerged with a substantial stake in WA Newspapers, publisher of The West Australian. Seven has increased its position lately to 17.3 per cent. It was not known whether Seven plans to nominate anyone to the board. It is Mr Mayne’s second run in seven years for a WA Newspapers board role. Mr Mayne is the founder of online business and politics news site, which he sold two years ago for $1 million. He is currently planning to start a new shareholder-focused venture on the web. A newspaper journalist, business editor and press secretary for Jeff Kennett during the 1990s, Mr Mayne said he would bring media experience to the WA Newspapers board and push for a better online strategy. “None of the existing four independent directors has much media or internet experience. The board is too small and needs more diversity,” Mr Mayne said in a statement.” Apart from Mr Mansell, whose position comes up for rotational re-election, the board includes Melvyn Ward, Erich Fraunschiel, Jenny Seabrook and CEO Ken Steinke.

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