PBL buys Channel Nine Perth

PBL Media Pty Ltd last week agreed to buy loss-making Channel Nine Perth, affiliate of its Nine Network, for $136.4 million. Channel Nine Perth is currently a wholly-owned subsidiary of listed company Sunraysia Television Ltd, which announced in January that its revenue would fall by about 12 per cent to $44.7 million, and it expected to post a loss for the half-year to December 2006.

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