SON OF RUPERT TO SOON CONTROL MOST OF AUSTRALIA’S MAJOR MEDIA
January 23rd 2008 02:09
Crikey reports that there's a “new traffic cop on the media beat in Australia –
Lachlan Murdoch, and once his deal with James Packer is consummated he will be directing the traffic in every major part of Australian media.
His new company will own 25 percent of the Nine Network, Australia's second-biggest TV network; 25 percent of Foxtel, Australia's dominant pay TV operator; he sits on the board of News Corporation, which owns Australia's biggest newspaper network, where he is also a substantial shareholder and is the son of the boss; and his new company will own 25 percent of Australia's biggest magazine publisher, ACP.
“Democracy in Australia is becoming more like a toll road.”
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Comment by Harry
Sydney Diary
Personals
Brisbane Diarystar
Zoo Parent
How is Lachlan financing this without any of his Dad's money? He must be taking on a lot of debt.
Comment by Damo
Comment by JJ McRoach
Watching the Media