Gina Rinehart bankrolls purchase of 10% stake in Seven network owner Southern Cross Media
Gina Rinehart has financed Bruce McWilliam's acquisition of a 10% stake in Southern Cross Media, which owns the Seven Network. The $26 million deal marks Rinehart's return to the media sector after previous investments in Fairfax and Ten. Although she does not hold a direct stake, she has the potential to control the shares under certain conditions.
- ▪Gina Rinehart funded Bruce McWilliam's purchase of a 10% stake in Southern Cross Media for $26 million.
- ▪This investment signifies Rinehart's return to the media industry after previous stakes in Fairfax and Ten.
- ▪Rinehart's companies hold a relevant interest in a combined 9.5% stake in Southern Cross Media.
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Gina Rinehart has funded Seven Media executive Bruce McWilliam’s 10% stake in Southern Cross Media, according to ASX filings. Photograph: Hollie Adams/ReutersView image in fullscreenGina Rinehart has funded Seven Media executive Bruce McWilliam’s 10% stake in Southern Cross Media, according to ASX filings. Photograph: Hollie Adams/ReutersGina RinehartGina Rinehart bankrolls purchase of 10% stake in Seven network owner Southern Cross Media The $26m deal involving media executive Bruce McWilliam signifies return to media business for mining billionaire after previous holdings in Fairfax and Ten Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Amanda MeadeWed 27 May 2026 02.24 EDTLast modified on Wed 27 May 2026 02.25…
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