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Mr Stokes, the son of Seven owner Kerry Stokes, was standing for his first election as a director of ConsMedia, with memories fresh from Mr Packer's public run-in with Seven's chief executive David Leckie over coverage of the Packers on Today Tonight.
Chairman John Alexander said he had his first board meeting - at Mr Packer's Crown Casino - with Mr Stokes and another Seven director Peter Gammell on Wednesday morning "and it was one of the most pleasant and cordial board meetings I have had in my life".
In response to a question from the floor, ConsMedia deputy chairman Mr Packer, in his only utterance to shareholders, said: "I am really looking forward to developing my relationship with Ryan and Peter."
Seven holds 19.9 per cent of ConsMedia and has agreed to a truce over a battle for control of the pay TV company, which has a 25 per cent share of Foxtel and is a 50 per cent owner of Premier Media Group, which produces the Fox Sports channels.
Mr Alexander was asked if ConsMedia would make a bid for Telstra's (ASX:TLS) share of Foxtel if the telco was forced to divest its holding by the federal government.
"Well, I'm glad I'm working for CMH and not Telstra," Mr Alexander said.
"It's a hypothetical question - it's not before us now and like everybody else we will stand back and watch what happens with interest."
There was also a question about conflict of interest for the two Seven directors when Foxtel matters were discussed at board level, as Seven is in competition with the pay TV network.
Mr Alexander said when there is a potential conflict for Mr Stokes and Mr Gammell, such as planning for Foxtel programming or product acquisition, they would not be included.
It also emerged that ConsMedia is a company with more chiefs than Indians.
After selling its interest in PBL for A$345 million (US$316.71 million) and its Park Street headquarters in Sydney to AMP Capital, ConsMedia's 12 board members outnumber the media group's number of employees by two to one.
"We're a post-box company," said one shareholder.
The re-election of other directors, including former Patrick boss Chris Corrigan, who now lives in London, went without a hitch and the meeting was over in 50 minutes.
(AAP) bl
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