IMO,
Channel 7 should be sold to BBC and broadcasts BBC contents with adding Australian news,weather and sports but does not pay for sports broadcasting rights and share the advertising revenues with team holding companies.
WAN should be sold too.
If Seven Group want,Seven Group holds 51% or 49% stake in Channel 7 and WAN.
Ann: PWG: Primewest Fund Acquires Seven West Media Headquarters, page-15
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