to CVC Capital Partners for $515 million. In September 2007, it was announced that the transaction was to go ahead at the increased purchase price of approximately $526 million.

On 27October 2008, James Packer and CMH representatives, such as Alexander, resigned from the board of PBLMedia, effectively ending financial backing and future associations with the company. James Packer later sold his media interests.

On 16December 2008, PBL Media issued a press release stating that the

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