PACKER’S CONSOLIDATED MEDIA VALUATION MAKES IT AUSTRALIA’S THIRD LARGEST LISTED COMPANY
January 1st 2008 21:30
James Packer’s Consolidated Media Holdings has been valued at as much as $3.9 billion dollars, making it Australia’s third largest list media group by market capitalisation, behind News Corp and Fairfax Media.
The Australian reports that broking house Merrill Lynch’s media analyst Alice Bennett has put out a bullish report on the company, valuing at as much as $3.9 billion.
But even her mid-range valuation puts the value of the company, newly created out of the PBL empire, at about $3.4 billion, well above the company's $2.9 billion market capitalisation before the new year's break.
- From MediaBlab
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