▁its ▁Sydney ▁counter part , ▁AT N - 7 ▁( also ▁owned ▁by ▁Fair f ax ▁at ▁the ▁time ). ▁ ▁In ▁ 1 9 8 7 , ▁Fair f ax ▁sold ▁off ▁its ▁stations ▁to ▁Q in tex ▁Ltd ., ▁owned ▁by ▁business man ▁Christopher ▁Sk ase . ▁Q in tex ▁had ▁previously ▁bought , ▁and ▁subsequently ▁sold ▁off , ▁stations ▁in ▁Br is b ane ▁and ▁regional ▁Queensland ▁before ▁taking ▁control ▁of ▁the ▁network . ▁The ▁next ▁year , ▁another ▁new ▁logo ▁was ▁introduced ▁along ▁with ▁evening ▁soap ▁opera ▁Home ▁and ▁A way ▁and ▁a ▁rela unch ed ▁Seven ▁National ▁News , ▁now ▁known ▁as ▁Seven ▁News . ▁The ▁network ▁expanded ▁in ▁ 1 9 8 8 ▁when ▁Sk ase ▁bought ▁out ▁TV W ▁for ▁$ 1 3 0   mill ion . ▁ ▁A ▁failed ▁$ 1 . 5   b ill ion ▁bid ▁for ▁M GM ▁Studios ▁in ▁the ▁same ▁year ▁sent ▁Q in tex ▁into ▁receiver ship . ▁Christopher ▁Sk ase ▁fled ▁Australia ▁in ▁ 1 9 9 0 ▁in ▁order ▁to ▁escape ▁extr ad ition . ▁The ▁business ' ▁assets ▁were ▁bund led ▁together ▁by ▁rece ivers ▁and ▁made ▁into ▁a ▁new ▁company , ▁the ▁Seven ▁Network ▁Limited , ▁in ▁ 1 9 9 1 . ▁ ▁Advent ▁of ▁Ker ry ▁Sto kes ▁The ▁network ▁was ▁re - list ed ▁as ▁a ▁public ▁company ▁on ▁the ▁stock ▁exchange ▁in ▁ 1 9 9 3 ▁with ▁News ▁Limited ▁holding ▁ 1 4 . 9 % ▁and ▁Tel stra