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began discussing whether to sell Channel Nine and the Australian Consolidated Press magazine group to help fund his move into the international gaming and tourism business. Given changes in media due to the Internet and pay-TV, Packer was concerned about the future of free-to-air television. On 17 October 2006, Packer's team finalised a deal to sell 50% of the media assets--which also included a 50% stake in web portal Ninemsn and a 51% stake in Carsales--to private equity group CVC Asia Pacific for A$4.5

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