Consolidated Media

ACCC Approves News Corp's Bid for ConsMedia


The Australian Competition and Consumer Commission has approved the News Corp (ASX:NWS) for ConsMedia (ASX:CMJ).

James Packer's Consolidated Press Buys Up Crown Shares


Entertainment company, Crown (ASX:CWN) shares have been bought by gambling and media mogul, James Packer. His company, Consolidated Press Holdings (ASX:CMJ) has spent $201 million on 22.6 million shares pushing up his share ownership by about 3 percent to 43 percent.

Consolidated Media Share Buyback


Consolidated Media Holdings (CMJ) has announced tat it will seek shareholder approval to buyback shares of the company. The share buyback look to acquiring up to 73.8 million shares, or about 11.9 per cent of its current shares on issue (620.7 million shares on issue). James Packer currently holds a 45.3 per cent stake in ConsMedia and Seven Network has a 22.1 per cent stake. The company has $225 million of surplus cash for the share buyback.

Winning Stocks for the Week 50 of 2007


Orica was the overall winning stock for the week taking in a 11.2 percent increase in its share price. It was a mixture of metal commercial explosives, mining, travel and media companies who were among the best performing stocks for the week 50 of 2007 on the Australian sharemarket: Orica (ORI), Fortescue (FMG), Consolidated Media (CMJ), Flight Centre (FLT). These best performing stocks for week 50 recorded gains above 10 percent by the end of the trading week.

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