Consolidated Media Holdings
Consolidated Media Holdings (CMH) was an Australia investment company focused on subscription television. History. Consolidated Media Holdings (CMH) was a publicly listed Australian company (ASX:CMJ). Its two largest shareholders were Consolidated Press Holdings Limited and Seven Network Limited. CMH was formed following a name change by Publishing and Broadcasting Limited (PBL), and the PBL and Crown Schemes of Arrangement, in November 2007. CMH had a 25 per cent interest in FOXTEL. CMH's stake in Foxtel was held jointly with News Corporation through the joint-venture vehicle Sky Cable Pty Ltd. The remaining 50% share of  Foxtel is owned by Telstra Corporation through the holding company Telstra Media Pty Ltd. CMH had a 50 per cent shareholding in Fox Sports Pty Limited (FOX Sports, SPEED, FOX Footy, FOX Sports News and FUEL TV), with the other 50 per cent held by News Corporation. CMH previously held a 50% interest in PBL Media, with assets including the Nine Network, NBN Television, Sky News Australia, Australian Consolidated Press, NineMSN, CarSales, Ticketek and Acer Arena. In September 2007 CMH sold down a further 25% of their interest in PBL Media to CVC Asia Pacific. This was followed in December  2008 with CVC Asia Pacific injecting over $300 million AUD into PBL Media, which resulted in CMH's shareholding being diluted to less than 1% of the company. Investor history. The company was originally controlled by the Packer family. In early July 2008 the Seven Network bought a $100 Million stake in CMH, equal to 4.82% of the company. On 16 December 2008, PBL Media issued a press release stating that the company's majority shareholder, CVC Asia Pacific, had refinanced debt facilities as well as injecting in excess of $300 million AUD. CMH stated that they  would not be investing any further funds, and as such, CMH's 25% interest became diluted to a stake less than 1%. In July 2009 the Seven Network purchased a further approx. 13% shareholding in CMH, bringing Seven's total shareholding to approx. 18%. Within days CPH had increased its stake by approx. 1.5% to approx. 40%. On 15 July 2009 the Seven Network further increased their stake to approx. 19.5% On 25 August 2009 CMH announced the sale of 54 Park Street, Sydney (the long time Packer family HQ) to AMP Capital Investors for $50 million. On 26  August 2009 CMH announced the sale of all shareholdings in Seek.com.au to institutional investors. Sale price was $5.05 per share. News Corporation submitted a bid for Consolidated Media Holdings in 2012. Seven Group Holdings also submitted a bid. The Australian Competition and Consumer Commission (ACCC) approved the takeover bid placed by News Corp, however, denied the bid placed by Seven Media Holdings. The News Corporation takeover was approved by both the shareholders and the Federal Court, taking effect on 2 November 2012 and this ended the Packer family control of any large TV, newspaper, news or media company. Major  shareholders. Before News Corp. became the sole shareholder, Consolidated Media Holding's shareholders were: Assets. Consolidated Media Holdings had shares in the following companies: