Media magnate Kerry Stokes will stand down as chair of Seven West Media after the company announced plans to merge with Southern Cross Media.

In a deal that will have major implications for the Australian media sector, the partnership would bring radio networks Triple M and Hit together with the Seven Network.

The move will see Kerry Stokes step down as the chairman of Seven West Media, which owns the Channel 7 TV network and the state's daily newspaper, The West Australian.

Gas project delays see domestic market tapped for exports Photo shows An aerial view of a gas project with the sun low in the sky behind it.

A gas development backed by media mogul Kerry Stokes has been tapping into Western Australia's domestic gas market to supply overseas customers amid long delays in the deli

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