Two Australian TV networks have been looking at taking a stake in MediaWorks assets and are said to be considering a heavily discounted price, according to industry sources.
Nine Network has joined Seven West Media in assessing the New Zealand company, whose CEO Mark Weldon this week announced integration of its TV radio and interactive arms.
Weldon is a former chief executive of the NZX was appointed in August this year have been selected for his close links and understanding with the capital markets to assist a sale.
Seven's interest has been rumoured for weeks and is tipped to be alongside an Initial Public Offering.
More recently Nine Entertainment, has also been considering an investment, a well placed source said.