BOND CORP COMPLETES CONSOLIDATED PRESS PURCHASE
Bond Corp Holdings Ltd <BONA.S> said it
has completed the 1.05 billion dlr purchase of the electronic
media interests of unlisted <Consolidated Press Holdings Ltd>.
    The new company <Bond Media Ltd> now holds the television,
broadcasting and associated businesses previously held by Kerry
Packer's Consolidated, Bond Corp said in a statement.
    Packer, who made the sale in January, will be a director of
Bond Media. As previously reported, Bond Media will be publicly
floated with a rights issue to Bond Corp shareholders. Bond
Media will be 50 pct owned by Bond Corp and is expected to be
listed by the end of May, it said.
 REUTER
