Cross-media ownership laws introduced in 1987

ross-media ownership laws introduced in 1987 forced Fairfax to choose between its print and television operations – it chose the former, and later sold off its stations to Qintex Ltd., owned by businessman Christopher Skase.[11] Qintex had previously bought, and subsequently sold off, stations in Brisbane and regional Queensland before taking control of the network.[8] The next year, another new logo was introduced along with evening soap Home and Away and a relaunched Seven National News, now known as Seven News. The network expanded in 1988 when Skase bought out TVW for $130 million.[11]
Despite the network's successes, a failed $1.5 billion bid for MGM Studios in the same year sent Qintex into receivership.[8] Christopher Skase fled Australia in 1990 in order to escape extradition.[11] The business' assets were bundled together by receivers and made into a new company, the Seven Network Limited, in 1991.[8]


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