Media mogul Rupert Murdoch visits Kerry Stokes during his Australian visit in August, saw the two discuss the leadership of Malcolm Turnbull, with speculation now about a deal between Murdoch’s News Corporation and Stoke’s Seven West Media.
Bankers proposed the idea which Foxtel, partly owned by News Corp, could merge with Seven instead of News Corp itself.
This could combine the two into a business with a significant advertising presence, 2.8 million subscribers and $4 billion in revenue.