Aussie Billionaire Emerges as Key Player for Austereo Ownership

Gina Rinehart joins Australia's billionaire media moguls. You're welcome, One Nation

It's been a while, but by bankrolling a stake in the Kerry Stokes-owned Southern Cross, Gina Rinehart is very much back in the media game.

Aussie billionaire emerges as key player for Austereo ownership

Aussie mining magnate Gina Rinehart has been outed as the surprise key player in the recent ownership of Southern Cross Austereo (SCA).

Ex-Fairfax chair warns Rinehart will influence Southern Cross output

Australia’s richest person has revealed she lent Bruce McWilliam the money to buy into Southern Cross. Roger Corbett has experience with Gina Rinehart.

Gina Rinehart emerges as money behind Bruce McWilliam’s stake in Seven owner

Billionaire Gina Rinehart has financed most of the former Kerry Stokes ally’s near-10 per cent stake in Southern Cross Media, ASX documents shows.

Rinehart backs McWilliam’s Southern Cross bid

Gina Rinehart has secured an indirect 9.15 per cent interest in Southern Cross Media Group, through a loan to Kerry Stokes’s long-time lieutenant Bruce McWilliam.

SCA jumps as Rinehart's interest in McWilliam deal revealed

Southern Cross Austereo spiked on Wednesday after the company reported on the ASX that mining magnate Gina Rinehart was behind a big purchase of the stock last week. On Friday we learned (for sure — the AFR had reported it as a possibility two days earlier) that long-time Kerry Stokes associate and former Seven commercial director Bruce McWilliam had snapped up 9.73% of the media network. Most of McWilliam holding (9.15%) was funded by Rinehart,…