A spokesman for Seven would not elaborate on why Mr Stokes had increasing his stake in Cons Media last week to 18.32 per cent.
"We're not commenting on Consolidated Media,'' Seven's Simon Francis said in an email.
Cons Media rose 1 cent, or 0.38 per cent, to $2.61 and Seven Network lifted 1 cent, or 0.19 per cent, to $5.25 at 2.11pm (AEST).
By early afternoon today, 1.1 million ConsMedia shares had changed hands, including a cross trade of 195,000 shares at $2.62 each for a total of $510,900.
Meanwhile, three special parcels of shares worth a total of $95,806 also went through the share market. The trades were all done at $2.60 a share in parcels of 12,286, 12,281 and 12,281 in early afternoon trading.
On Friday, Mr Stokes came out of the shadows to confirm he was behind a massive buying spree in ConsMedia shares over three days last week.
Seven Network, through its subsidiary Network Investment, spent $234.24 million buying 92.91 million hares to lift its stake to 18.32 per cent, from 4.8 per cent.
The raid prompted activity at the Packer family's main investment vehicle Consolidated Press Holdings, which in reply lifted its interest to 39.3 per cent, from 37.9 per cent.
ConsMedia owns 25 per cent of pay TV firm Foxtel and 50 per cent of Fox Sports-operator Premier Media Group, plus a 26.7 per cent stake in online employment firm Seek.
Foxtel is 50 per cent owned by Telstra Corporation, with the rest held by Rupert Murdoch's News Corporation (the parent company of the publisher of news.com.au).
Independent analyst Peter Cox from Cox Media said Mr Stokes was likely planning further moves on Cons Media to gain influence over the Foxtel network.
"This one is being driven to try to get himself a place at the negotiating table so that he can be with the big boys with owning pay TV in Australia.
"He's always been driven by wanting to be in pay TV."
ConsMedia shares were steady at $2.60 at 2.20pm, having traded between $2.59 and $2.64.
Dollar flat in directionless trade
