Time to stop watching Channel 7, fellow Australians..

Gina Rinehart bankrolls purchase of 10% stake in Seven network owner Southern Cross Media

"While the unusual arrangement – worth about $26m – does not give Rinehart a direct stake in Southern Cross, she could take control of the shares if McWilliam breaches the terms of their deed, which was published on the ASX on Wednesday."

https://www.theguardian.com/business/2026/may/27/gina-rinehart-pays-for-bruce-mcwilliam-purchase-southern-cross-media

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Gina Rinehart bankrolls purchase of 10% stake in Seven network owner Southern Cross Media

The $26m deal involving media executive Bruce McWilliam signifies return to media business for mining billionaire after previous holdings in Fairfax and Ten

The Guardian