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- Duration: 3:59
- Published: 23 Mar 2011
- Uploaded: 24 Mar 2011
- Author: IACTchannel
On 27 October 2008, James Packer and Consolidated Media Holdings representatives quit the board of PBL Media, effectively ending financial backing and future associations with the company.
On 16 December 2008, PBL Media issued a press release stating that the company's majority shareholder, CVC Asia Pacific, had refinanced debt facilities as well as injecting in excess of A$300 million. CMH stated that they would not be investing any further funds, and as such, CMH's 25% interest became diluted to a stake less than 1%.
Under a recent split of PBL into two companies, PBL Media formerly held by PBL is now held by Consolidated Media Holdings.
From December 2, 2010, PBL Media rebranded as Nine Entertainment Co.
John Alexander, Chief Executive Officer of PBL, was announced as the Executive Chairman of PBL Media, along with Ian Law as CEO and Pat O'Sullivan as Chief Financial Officer. The company's current directors are Ian Law, Chris Anderson, Martin Dalgelish, Robert Lucas, Adrian MacKenzie and Maarten Ruijs.
James Packer and John Alexander quit the PBL Media board in December 2007.
Category:CVC Capital Partners companies Category:Companies based in Sydney Category:Media companies of Australia Category:Television companies
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