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Article: AUSTRALIA'S SP TELEMEDIA OFFLOADS BROADCASTING OPS TO PBL.

Article from:
AsiaPulse News
Article date:
May 1, 2007
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SYDNEY, May 1 Asia Pulse - SP Telemedia Ltd (ASX:SOT) will sell its media assets, including television station NBN Television, to PBL Media for $A250 million ($US207.21 million).

"SP Telemedia Ltd wishes to advise that it has entered into an agreement with PBL Media Pty Limited to purchase the broadcasting and production operations (trading as One80 Digital Post)," the company said today.

SP Telemedia said last month it had received a non-binding proposal from PBL Media, Publishing and Broadcasting Ltd's new media group.

NBN Television is an independent affiliate of the Nine Network and its market share stretches across New South Wales and ...

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