SP Telemedia – owner of the high-rating NBN Network, the Nine affiliate that covers Newcastle, the Gold Coast, Moree and Narrabri – was accepting final bids for its media assets yesterday and could announce its decision as early as this morning. PBL Media is tipped to emerge as the winning bidder.
Meanwhile, the Herald understands that WIN and PBL Media are also in talks to buy Channel Nine in Adelaide from Southern Cross Broadcasting, with an announcement likely in the next few weeks.
And PBL Media is still mulling whether to make another bid for Nine in Perth after its offer was trumped by a $163 million bid from WIN a few weeks ago.
SP Telemedia said in a statement that final binding offers were due by 5pm yesterday and chairman Rob Milner told the Herald the board would meet this morning to make its final decision.
Mr Milner said the company would seek approval from the regulators so that it didn’t have to put the deal to a vote.
He wouldn’t comment on whether there were bidders other than WIN and PBL Media.