The Australian is reporting industry talk that James Warburton at Seven West Media may be looking to takeover Prime Media Group. The two major shareholders in Prime are Bruce Gordon who apparently still has around 19% via various means, and Spheria Asset Management with just under 15%.
It is also rumoured, according to The Australian, that Seven West is trying to sell its magazine business, however it is apparently not worth very much and would be sold for a “nominal sum” if someone like Bauer Media is interested.