Mining, media and politics interests influencing public debate

Gina Rinehart, billionaire heir to the Lang Hancock mining empire finance the purchase Southern Cross Media is 9.5% owned by Bruce McWilliam, who worked for Murdoch’s News Corp for nine years and is also a former Seven Network executive.

This venture costs Rinehart $26 million. This doesn’t give him a direct stake in Southern Cross, but if McWilliam can’t fulfill his part of the security deed he signed with him, He could take control of her.