Oct 31 (Reuters) - Prime Media Group Ltd PRT.AX :
* REFERS TO RECENT MEDIA SPECULATION REGARDING PROGRAM SUPPLY AGREEMENT BETWEEN PRIME & SEVEN
* PRIME CONFIRMS THAT PROGRAM SUPPLY AGREEMENT CONTAINS A CHANGE OF CONTROL PROVISION
* SEVEN MAY TERMINATE PSA WHERE CHANGE OF CONTROL HAS OCCURRED IN RESPECT OF PRIME WITHOUT SEVEN'S PRIOR CONSENT
* PARTIES CONTINUE TO WORK TOWARD IMPLEMENTATION OF SCHEME FOR PROPOSED ACQUISITION OF PRIME BY SEVEN