It has been a challenging six weeks,” he said

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Mr Catalano declined to comment on whether he would acquire more Prime shares or align with other shareholders to try to block the Seven deal. It is understood, however, that Prime has long figured in Mr Catalano plans and that he and Thorney had a stake in the broadcaster before Seven proposal was announced. “We said from day one that our intention was to build the biggest regional media business in the country and we embarked on that by buying ACM and investing in Prime,” Mr Catalano said.

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