One of Australia's largest privately-owned media companies, WIN Television, owned by former Paramount TV International president Bruce Gordon, is planning to float on the Australian Stock Exchange early next year.

The regional network was sold to Gordon by Rupert Murdoch about 20 years ago and was a public company for about five years during the 1980s. Australian daily, The Sydney Morning Herald, reports that analysts are valuing the company at up to $314.8m (A$600m).