May 27, 2026 – 7.08pmA week after this column revealed former lawyer and commercial director of the Seven Network Bruce McWilliam had increased his stake in Southern Cross Media, the identity of his backer has come to light.Speculation was rife as to where McWilliam was getting the money to finance his $25 million share purchases, but no one had Australia’s richest person, Gina Rinehart, on their bingo card.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
McWilliam wants more Southern Cross stock, but who’s selling?
Stockbroker Angus Aitken has made it known to anyone still holding Southern Cross shares that McWilliam isn’t done yet
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