Upstart television business Fetch TV has emerged as an over-the-top bidder for the TV rights to the AFL from 2012. Malaysian billionaire T. Ananda Krishnan could shake up the local television landscape.
Consolidated Media Holdings
How Telstra split opens up Foxtel ownership
The announcement that Telstra must separate its retail and wholesale division — including a sell-off of its 50% Foxtel stake — should make Consolidated Media a prime takeover target. Let the media mogul battle begin.
Morning Market Report: Dollar, Dow, market all up
The market is up 30, the Dow up 64, and the dollar up to 83.97c today. Consolidated Media Holdings is also up, after indicating it could be looking for shareholders.
Crikey Says: Seven requests Consolidated Media interests info
In a sneaky little move at the Australian Stock Exchange this morning, Kerry Stokes moved his Queen’s bishop to attack.
James still stuck in Kerry’s shadow
For most of his life, Kerry Packer had a reputation for being a bit of a Midas when it came to investing. Shame his son James Packer didn’t inherit the same touch.
Will Packer use Stokes to get Rupert’s cash?
If James Packer really doesn’t care to be a media owner these days, then he’ll use stalking Kerry Stokes to lever a big price for his pay-TV assets out of Rupert, writes Stephen Mayne.
James Packer’s giant spring clean out
James Packer appears to be in the middle of a personal and professional cleanout, sparked in part by the global financial crisis. He’s flogged off his horses, boat and stake in Seek, the online classifieds company.
Packer v Stokes: who will be Australia’s last media mogul?
James Packer signalled yesterday he will defeat Kerry Stokes’ bid for Consolidated Media Holdings with “exactly the same technique that Stokes used to painstakingly build his control of Seven”. Terry McCrann explains.
Stokes sits on cash, Packer sells the farm
Which media mogul wins? Reports today show that while the Packer media empire is shrinking, the empire Kerry Stokes is building is sitting on $2 billion of cash and sharemarket investments.
Morning Market Report: Market at new closing high for the year
Things are looking positive, with the market up 26 and Wall St. closing up 30 overnight. The figures are the new closing highs for the year.
Stokes’s $300m Cons Media plunge raises eyebrows and anxiety
Nervous watchers are wondering whether Kerry Stokes’s foray into Consolidated Media is a repeat of his plunge into West Australian Newspapers.
Stokes v Packer: Consolidated Media cage match
It was Kerry Stokes’ turn to up his stake in Consolidated Media yesterday, after James Packer boosted his holding the day before.
Kerry stokes his claim in Packer’s holdings
Channel Seven Chairman Kerry Stokes has upped his stakes in James Packer’s media pie, bringing him just a slice away from a takeover.
The Packer-Stokes war hots up
The dinosaurs are restless again. Australia’s last remaining putative media moguls, “Little” Kerry Stokes and “Big” Kerry’s son James Packer, are locking horns over the rump of the media empire that Kerry Packer built.
ConsMedia mates club gets overdue shake-up
Without an ounce of irony, The Australian reported this morning on the shake-up at Consolidated Media Holdings.
Channel Seven to buy Fairfax?
Citigroup research released over the weekend lays out the case for a complex bid by the Seven Network to buy Fairfax Media, writes Glenn Dyer.
What now for Consolidated Media?
ConsMedia is now on the market, but James Packer currently wants more than it’s worth, reports Glenn Dyer.
Lachlan’s ConsMedia bid dead in the water
Lachlan Murdoch’s attempt to restart his career appears to have failed after James Packer changed his mind on a joint bid for Consolidated Media Holdings, reports Glenn Dyer.
Packer’s bumpy ride continues
It’s been a tough few weeks for Australia’s second richest man, James Packer, writes Glenn Dyer.
