‘The pressure’s on to do the deal more quickly’: What Seven West Media’s stake in ARN means for SCA takeover

Seven West Media (SWM) becoming ARN’s largest shareholder this week may have a bigger impact then first thought.

On Monday, the media company confirmed it had acquired a 19.9% share in ARN amidst the network’s takeover bid of rivals, Southern Cross Austereo. However, despite this, SWM said it had “no intention” of launching a takeover bid of ARN or SCA and is only interested in ARN’s “continued and long-term success”.