Sunraysia Television was a publicly listed company which owned Channel Nine Perth's parent company Swan Television and Radio Broadcasters from 1989 to 2007. Although listed on the ASX, Sunraysia had been majority owned by Eva Presser's Sabtel (between 44 and 50 per cent)[1] with WIN Corporation owning another 43.65% of the company.[2]
Sunraysia Television has its origins in the area around Mildura, known as Sunraysia. It operated a single television licence, STV-8. In 1985, the station was purchased by Eva Presser.[3]
In 1989, Sunraysia acquired Channel Nine Perth from Bond Media who were forced to sell it due to cross-media ownership laws restricting national audience reach. They paid A$95 million for the station. As part of the deal, it also sold STV-8 to Bond Media for $18 million, which was then onsold to ENT Ltd. for the same price.[4][5]
In 1994, following a failed takeover bid for Sunraysia, Kerry Stokes sold his 21.2 per cent stake to Bruce Gordon's WIN Corporation which already held 19.9 per cent. Mrs Presser was quoted as calling the Stokes bid "uninvited, unnecessary, unwanted, unspectacular" and that her rejection wof the bid was "unequivocal".[6][2]
Selling of Nine Perthedit
In February 2007, PBL Media announced that it would acquire 100% of Swan Television and Radio Broadcasters from Sunraysia for $136.4 million. However, after protest from WIN Corporation owner Bruce Gordon, who was offering Sunraysia a revised $163.1 million, it was announced months later on 21 April that the board of Sunraysia would now endorse WIN's revised offer. [7] The sale went through on 8 June 2007.[8]
Sunraysia & the Pressersedit
Eva's husband Dan is executive chairman of family company, Sabrands. Sabrands runs the Sunraysia Natural Beverages company, which similarly has no ties to the Sunraysia region, and since 2013 has owned the iconic Rosella business. The Pressers use Sunraysia as their personal brand name, which some may see as ironic given the name was also used in a 1920s dried fruit advertising campaign, for the Australian Dried Fruits Association - an entity with no connection to the Pressers.
Referencesedit
^AAP (28 March 2007). "Sunraysia adjourns bid meeting as Packer circles". Sydney Morning Herald.
^ abMurray, Lisa (10 January 2007). "WIN, Packer seen as rival bidders for Perth Channel 9". Sydney Morning Herald.
^Hooper, Narelle (28 May 1999). "Australia's Screen Queen". Business Review Weekly. p. 66.
^Webb, Richard (20 April 1989). "Sunraysia settles STW-9 Purchase". The Australian Financial Review. p. 23.
^Webb, Richard (26 May 1989). "ENT Secures Mildura TV Station, Affiliation from Bond". The Australian Financial Review. p. 18.
^"Sunraysia stock up 60c after Stokes bid", The Canberra Times, 21 September 1994
^Sharples, Ben (21 April 2007). "WIN wins Perth station". Herald Sun.
^AAP (8 June 2007). "Sunraysia favours Ch 9 Perth sale to WIN". The Age.
December 17, 2023
sunraysia, television, publicly, listed, company, which, owned, channel, nine, perth, parent, company, swan, television, radio, broadcasters, from, 1989, 2007, although, listed, sunraysia, been, majority, owned, presser, sabtel, between, cent, with, corporatio. Sunraysia Television was a publicly listed company which owned Channel Nine Perth s parent company Swan Television and Radio Broadcasters from 1989 to 2007 Although listed on the ASX Sunraysia had been majority owned by Eva Presser s Sabtel between 44 and 50 per cent 1 with WIN Corporation owning another 43 65 of the company 2 Contents 1 History 2 Selling of Nine Perth 3 Sunraysia amp the Pressers 4 ReferencesHistory editSunraysia Television has its origins in the area around Mildura known as Sunraysia It operated a single television licence STV 8 In 1985 the station was purchased by Eva Presser 3 In 1989 Sunraysia acquired Channel Nine Perth from Bond Media who were forced to sell it due to cross media ownership laws restricting national audience reach They paid A 95 million for the station As part of the deal it also sold STV 8 to Bond Media for 18 million which was then onsold to ENT Ltd for the same price 4 5 In 1994 following a failed takeover bid for Sunraysia Kerry Stokes sold his 21 2 per cent stake to Bruce Gordon s WIN Corporation which already held 19 9 per cent Mrs Presser was quoted as calling the Stokes bid uninvited unnecessary unwanted unspectacular and that her rejection wof the bid was unequivocal 6 2 Selling of Nine Perth editIn February 2007 PBL Media announced that it would acquire 100 of Swan Television and Radio Broadcasters from Sunraysia for 136 4 million However after protest from WIN Corporation owner Bruce Gordon who was offering Sunraysia a revised 163 1 million it was announced months later on 21 April that the board of Sunraysia would now endorse WIN s revised offer 7 The sale went through on 8 June 2007 8 Sunraysia amp the Pressers editEva s husband Dan is executive chairman of family company Sabrands Sabrands runs the Sunraysia Natural Beverages company which similarly has no ties to the Sunraysia region and since 2013 has owned the iconic Rosella business The Pressers use Sunraysia as their personal brand name which some may see as ironic given the name was also used in a 1920s dried fruit advertising campaign for the Australian Dried Fruits Association an entity with no connection to the Pressers References edit AAP 28 March 2007 Sunraysia adjourns bid meeting as Packer circles Sydney Morning Herald a b Murray Lisa 10 January 2007 WIN Packer seen as rival bidders for Perth Channel 9 Sydney Morning Herald Hooper Narelle 28 May 1999 Australia s Screen Queen Business Review Weekly p 66 Webb Richard 20 April 1989 Sunraysia settles STW 9 Purchase The Australian Financial Review p 23 Webb Richard 26 May 1989 ENT Secures Mildura TV Station Affiliation from Bond The Australian Financial Review p 18 Sunraysia stock up 60c after Stokes bid The Canberra Times 21 September 1994 Sharples Ben 21 April 2007 WIN wins Perth station Herald Sun AAP 8 June 2007 Sunraysia favours Ch 9 Perth sale to WIN The Age Retrieved from https en wikipedia org w index php title Sunraysia Television amp oldid 1084652420, wikipedia, wiki, book, books, library,
