THE truce between Kerry Stokes and James Packer that gives Stokes's Seven Network two seats on the board of Packer's Consolidated Media is both a recognition of reality and an instalment in a longer game.

THE truce between Kerry Stokes and James Packer that sees Stokes' Seven group take two seats on the board of Packer's Consolidated Media group is both a recognition of reality and an instalment in a longer game.

Privatisation rumours drive shares in CMH and Crown higher.

TELSTRA has again staked millions of dollars on its belief that China's online classifieds growth is yet to peak. Telstra has paid $A76 million for 55% shareholdings in both Norstar Media (owner of Che168.com and IT168.com) and Autohome/PCPop

THE $1.3 billion online advertising market is bracing for a cyclical slowdown. This comes amid warnings that Australia's big online portals such as ninemsn and Yahoo!7 will struggle to hold their revenue market share against specialist websites and independent groups that bundle together thousands of smaller websites to create rival..read more