One of the reasons for the lack of appetite from fund managers is the experience that SNT is going through - low SP despite strong Balance Sheet and growth.
These guys need scale, which is why I think that one of the various possibilities is Foxtel and Sky joining up. They could even further consolidate over time by picking up TV stations in the pacific islands. You start by being a larger trans-Tasman entity but ultimately become the media play of the South Pacific.
It would definitely help gain scale and clout with future negotiations for entertainment and sport.
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