Channel 7 head, Kerry Stokes, has contacted investors and shareholders of Western Australian Newspapers (WAN) in an attempt to gain their support towards the April 23 Directors ballet. As well as newspapers WAN includes the Spirit Radio Network, WA FM as well as Red FM across regional Western Australia.

Stokes denies it is the start of a takeover. Radio rumours has seen a copy of the letter and documentation that outlines part of the following quotes

  • Seven Network Limited is a shareholder, not a competitor.

  • Seven Network Limited has invested $480 million in WAN

  • Seven Network Limited like all shareholders, we want the best for the company."

  • Any attempt to call this a takeover by Seven Network Limited is a misrepresentation."

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