Village Roadshow has continued to offload part of their large chunk of Austereo. According to Stock Exchange documentation obtained by Tattler Village netted close to $31 million late last week. 16.75 million shares at approx $1.86 each were traded over two days and further reducing their share in Austereo from a high of 67%.

Besides still holding around 60% of Austereo, Village previously netted a handsome $39 million just a week earlier from two swift sales

Village Roadshow are said to be looking at investing around $250 million with movie and production operations in the USA.  Any further sale of their interest in Austereo leaves the radio network open for takeover and with the proposed media ownership laws approaching they look like they may be first cab off the rank.