Alex Waislitz has backed Bruce McWilliam for the Southern Cross board after he built a near 10 per cent stake.
It comes as the newly expanded media group enters its next phase.
Ninety-nine per cent of shares cast voted in favour of the transaction.
The accolade celebrates for McAvaney's lifelong support and contributions to athletics broadcasting.
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The merger creates one of Australia’s largest integrated media companies across TV, audio, streaming, digital and publishing.
The overall number of billionaires in Australia increased to 161 from 150 last year.
From straight news to the behind-the-scenes scoop, here's the roundup.
Property, it appears, is still king when it comes to wealth in Australia.
