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Sunday, February 20, 2011

Merged Seven media group may eye growth outside regional Australia

Australia's Seven Media Group said on Monday a new combined media group with West Australian Newspaper Holdings was likely to expand in the future. "It might in the future look a lot bigger than regional Australia," Seven's Kerry Stokes told analysts on a conference call when asked about the new combined group's acquisition and growth aspirations. WAN has agreed to buy Seven Media Group from private equity firm Kohlberg Kravis Roberts and Stokes' Seven Group . ($1 = 0.988 Australian Dollars) (Reporting by Michael Smith)

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