BREAKFAST DEALS: Network favourites

A Southern Cross deal appears to be on the backburner as Nine cosies up to WIN, while Steadfast Group moves towards an IPO.

Nine Entertainment’s David Gyngell and WIN Corporation billionaire Bruce Gordon are reportedly talking about station deals for Adelaide and Perth, which could put the former’s talks with Southern Cross Media to bed. Frank O’Halloran is heading back to the ASX with Steadfast Group on course for an IPO, regardless of the market volatility. Elsewhere, Kerry Stokes and Carlyle Group have a Malaysian suitor on the line for Coates Hire, while fellow billionaire James Packer continues to taunt Echo Entertainment.

Nine Entertainment, WIN Corporation, News Corporation

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