As CVC Asia Pacific battles to keep Nine Entertainment out of the hands of its creditors, the private equity firm may have found some very powerful allies. Apparently there has been strong interest in one of the key assets Nine has put up for sale, including from some of Australia's biggest media companies – could this be the first step towards recapitalisation? Meanwhile, Japan Airlines has Alan Joyce's ear, and Pacific Equity Partners keeps its Spotless options open. Elsewhere, what could James Packer's exit from Prime Media mean for Kohlberg Kravis Roberts and Seven West?
Nine Entertainment, CVC Asia Pacific, News Ltd, Telstra, Tatts Group