|delisted following confirmation of the implementation of the scheme of arrangement under which News Pay TV Financing Pty Limited acquired all of the Company's shares||20/11/2012|
|we understand that News Pay TV Financing Pty Limited, a 100% owned subsidiary of News Corporation, acquired all of the shares in CMH for $3.45 cash per CMH share||20/11/2012|
scheme of arrangement under which News Pay TV Financing Pty Limited (News), a 100% owned
subsidiary of News Corporation, will acquire all of the shares in CMH for $3.45 per CMH share (Scheme)
was implemented today||19/11/2012|
|The securities of Consolidated Media Holdings Limited (the "Company") will be suspended from quotation from the close of trading today, 2 November 2012, at the request of the Company, following lodgement with ASIC of the court orders in relation to the scheme of arrangement under which News Pay TV Financing Pty Ltd, a wholly-owned subsidiary of News Corporation, will acquire all of the Company" shares.
|name changed from Publishing & Broadcasting Limited||03/12/2007|
|we understand that the split of Publishing and Broadcasting Limited (PBL) into two separately listed companies, Consolidated Media Holdings Limited (CMJ) and Crown Limited (CWN), took place by way of two Schemes of Arrangement - under the first (the PBL scheme), CWN acquired all of the PBL shares for the consideration of 1 CWN share and $3 cash for each PBL share (unless shareholders chose "maximum shares" or "maximum cash" as consideration, in which case they received ?? to come) - under the second (the Demerger Scheme), the new CWN shareholders received one share in CMJ for every one share they had in CWN as an in specie distribution in satisfaction of a reduction of share capital by CWN - broadly the tax consequences are: scrip for scrip rollover is available in respect of the non-cash consideration received by the PBL shareholders, cash received is to be treated as capital proceeds (a relevant capital gain or loss may arise), Section 45B of the 1936 Act will not operate in respect of the Demerger Scheme to include any amount in the assessable income of Crown Shareholders and demerger rollover relief is not available in respect of the Demerger Scheme (it should be noted that PBL had earlier sold 75% of its traditional media assets to private equity firm CVC Asia Pacific, receiving more than $5 billion in net cash)||03/12/2007|