And we're back.
Another day another 5c off the SP - all in a days work for our much valued Board.
I was remembering that the loss making) TV arm of MW was sold to Discovery for $20m and one can argue that that was the pick of the bunch, given that it included several entertainment channels, a streaming service and news/current affairs NewsHub. And from memory I don't think Discovery took on any debt with the deal - that was left for some other sucker to take on board. Enter Sky and talks of spending anything from $50-100m for for leftover radio and billboards. Plus $100m in debt.
I am increasingly of the opinion that if this is to go ahead it would have to come for virtually nothing upfront (ie 100m incl debt). Rather like the $1 paid to purchase STUFF News.