How do we explain this quote?
“I don’t have a business (in Sydney) any more now that we’re out of the media.”
While he isn’t a board member, James Packer is still a shareholder of TEN including recently participating in TEN’s $230 million capital raising exercise.
It’s not that he didn’t give the interview to Nine, with the network’s long history with the Packer family, it’s that his Seven interview was strategically played against his own network, TEN, on the first night of the TV ratings year.
Sunday Night (1.35m) toppled TEN’s Bondi Rescue (469,000) and Modern Family (922,000).
I can’t imagine Kerry Packer ever giving the others that kind of free kick.
If any more TEN shareholders are planning to talk to the opposition could they kindly indicate their intention to the Board and Programming?