TAKEPLACE: HOLDINGS LTD. FORMS AUSTRALIA'S BIGGEST MEDIA COMPANY

Sunday, February 20, 2011

HOLDINGS LTD. FORMS AUSTRALIA'S BIGGEST MEDIA COMPANY

West Australian Newspapers Holdings Ltd. agreed to buy Seven Media Group for A$1.98 billion ($2 billion) as billionaire Kerry Stokes consolidates his assets to form the nation’s biggest media company.

West Australian will issue A$1.08 billion of stock, A$250 million of convertible preferred stock and repay A$650 million of Seven Group Holdings Ltd.’s debt, the Perth-based company said in a statement today. Seven Media is controlled by Seven Group, which is 68 percent-owned by Stokes, and KKR & Co. BLOOMBERG

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TakePlace was made with you in mind It's about ideas and innovation, creative perspectives, and solutions. We're advocates for change, because change needs friends. We explore complex systems, adaptive agents, modeling, simulation, artificial life, and complex (information, biological, and social) networks. We especially focus on the Web as a complex information network in which we leave abundant traces of our social and semantic activities: what we do, what we are interested in, whom we talk to, what knowledge we acquire and contribute. Our research spans from modeling the dynamic processes that occur on the Web (how information networks grow and evolve, how individual and collective traffic patterns emerge, how attention bursts are generated and shaped by social and search tools) to designing tools that mine the Web to build better search, navigation, management, and recommendation tools (where ‘better’ means more intelligent, autonomous, robust, personalized, contextual, scalable, adaptive, and so on).