Eight days ago, the Australian Financial Review headlined a story, ‘Hoyts eyes off Palace Cinemas’. It was of course carefully written. ‘Street Talk understands Palace owner the Zeccola family has tapped PwC to run a sale process and Hoyts is one of a handful of parties to have expressed an early interest’, it remarked.
Concentrating on the Hoyts side of the story is a smart move because it does not comment on why the family would want to sell any part of Palace.
