Business Services Industry
News bid financing a mystery.
Australasian Business Intelligence, December, 2005
Byline: Andrew Main
Dec 08, 2005 (The Australian Financial Review - ABIX via COMTEX) -- News Limited chief operating officer Peter Macourt has been grilled in court by counsel for Seven Network. News Limited is one of Seven's main targets in its litigation against 21 entities over the demise of its pay-TV arm, C7. Macourt said that he could not remember whether fellow News Limited
executive Ian Philip had suggested that News Limited could inject $A10m from its own coffers into subsidiary Foxtel's bid for the rights to broadcast National Rugby League (NRL) games. In fact, Macourt could not recall how he and Philip managed to increase Foxtel's bid by $A18m. He also...
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