Bermuda resident and billionaire Australian movie mogul Bruce Gordonhas announced that his private investment company Birketu Pty Ltd. has boosted its stake in Australian television?s Ten Network Holdings by two million shares to 14 million.

Mr. Gordon and his son Andrew also hold six million shares of Ten through his company WIN which is affiliated with Nine in regional Australia and has interests in a TV production company, Perth TV station STW 9, and two regional radio stations

Australia?s national newspaper The Age reports that the acquisition boosts his combined holding in Ten to 5.02 percent at a time when the country?s Communications Minister Helen Coonan is pushing on for changes to allow mergers between TV, radio and newspaper publishing companies as early as the end of this year.

The Age reports that WIN?s name is often linked to endless combinations of media companies. Mr. Gordon said this week that he had held talks with the managing director of West Australian Newspapers, Ian Law, about seven months ago. His son has an interest in regional pay TV broadcaster Austar but ?not at its current valuation?.

WIN has also knocked back an offer from Macquarie Bank?s regional media fund.

Here at Bermuda Mr. Gordon is better know for donating defibrillators ? used to treat people who have gone into cardiac arrest ? to institutions across the Island. He got the idea after close friend and Australian media chief Kerry Packer had a lucky escape after suffering a heart attack and getting into the one ambulance in his district with the equipment aboard.

Mr. Packer went on to equip all ambulances in New South Wales, Australia while Mr. Gordon has followed suit and put several of the machines in Bermuda?s hospital as well as other places such as the Airport and fire service.

The Age reports that Mr. Gordon and Mr. Packer, who owns 38 per cent of Nine Network parent Publishing and Broadcasting Ltd., are among several influential media owners who could play an important role in any media consolidation if changes to cross-media ownership make it through the Senate. Others players include Kerry Stokes who owns 43 per cent of Seven, John B. Fairfax who owns 54 per cent of Rural Press and Paul Ramsay who owns 39 per cent of Prime Television.