May 27, 2026 — 8:57amAustralia’s richest person Gina Rinehart has emerged as the money behind former Kerry Stokes-ally Bruce McWilliam’s near-10 per cent stake in Southern Cross Media, the owner of Network Seven and Triple M.Rinehart, a mining magnate who has previously held interests in Network 10 and Fairfax Media (the publisher of this masthead), has now emerged as a key player in the biggest media company in Perth, which also publishes The West Australian.Gina Rinehart has emerged as a major player at the publisher of The West Australian and the Seven Network.An ASX disclosure filed on Wednesday morning showed that McWilliam’s fast-growing stake in the newly merged media company has been mostly financed by a company associated with Rinehart and her company Hancock Prospecting.More to come.From our partners
Gina Rinehart emerges as money behind Bruce McWilliam’s stake in Seven owner
Billionaire Gina Rinehart financed most of Bruce McWilliam’s near-10 per cent stake in Southern Cross Media, a new disclosure shows.
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