aging ▁Director ▁and ▁CE O ▁of ▁Wood side ▁and ▁a ▁director ▁of ▁Seven ▁West ▁Media , ▁was ▁appointed ▁CE O ▁and ▁Man aging ▁Director ▁of ▁Seven ▁West ▁Media . ▁He ▁subsequently ▁stepped ▁down ▁to ▁become ▁Man aging ▁Director ▁& ▁Chief ▁Executive ▁Officer ▁of ▁Seven ▁Group ▁Hold ings ▁and ▁was ▁replaced ▁by ▁Tim ▁Wor ner ▁who ▁became ▁the ▁CE O . ▁ ▁History ▁ ▁The ▁West ▁Australian ▁ ▁The ▁newspaper ▁was ▁owned ▁by ▁the ▁public ly ▁listed ▁company ▁West ▁Australian ▁New sp apers ▁Ltd ▁( W AN ) ▁from ▁the ▁ 1 9 2 0 s . ▁In ▁ 1 9 6 9 , ▁the ▁Melbourne - based ▁The ▁Her ald ▁and ▁Week ly ▁Times ▁Ltd ▁( H WT ) ▁bought ▁W AN ▁and ▁published ▁the ▁paper ▁until ▁ 1 9 8 7 , ▁when ▁Ru pert ▁Mur do ch ' s ▁News ▁Corporation ▁acquired ▁H WT . ▁News ▁sold ▁W AN ▁to ▁Robert ▁Hol mes ▁à ▁Court ' s ▁Bell ▁Group ▁in ▁ 1 9 8 7 ▁The ▁following ▁year ▁Alan ▁Bond , ▁through ▁Bond ▁Corporation , ▁gained ▁control ▁of ▁Bell ▁Group ▁and ▁hence ▁the ▁paper . ▁This ▁ownership ▁structure ▁surv ived ▁only ▁for ▁a ▁few ▁years ▁until ▁the ▁collapse ▁of ▁Bond ▁Corporation . ▁A ▁newly ▁formed ▁company , ▁West ▁Australian ▁New sp apers ▁Hold ings , ▁then ▁purchased ▁the ▁paper ▁from ▁the ▁rece ivers ▁before ▁being ▁flo ated ▁in ▁an ▁o vers ub scri bed ▁$ 1 8 5 ▁million ▁public ▁offering . ▁ ▁Ker ry ▁Sto kes ▁acquired ▁ 1 4