Whilst ASIC has received the mother of all beltings in today’s papers for the failure to string up former One.Tel CEO Jodee Rich, more attention should be focused on the role played by Australia’s politicians and the Murdoch and Packer families.
Lachlan Murdoch
Crikey Says: Packer and Murdoch can’t buy their way out of this one
In throwing out the ASIC case against the One.Tel founders, the NSW Supreme Court demolished the idea that two of Sydney’s richest kids — the Packer heir James and the Murdoch heir Lachlan — were unsuspecting victims of One.Tel management in the failed telco’s boardroom.
Kennett, Bracks, Jeffed — it’s 10th anniversary season
This is a big call, no doubt, but Jeff Kennett led one of the most reformist and revolutionary governments in any stable western democracy over the past 50 years.
Tips and rumours: MasterChef afflicted with chest pains, ugly cravats
Fatty food sends MasterChef judges to the doctor, Lachie Murdoch talks it up, where to get (read: steal) free copies of The Australian and more.
Carey’s power trumps the Murdoch kids
Chase Carey’s new role places him above James and Lachlan Murdoch in the News Corp foodchain. But how long will Carey last against the ambitious James?
JP Morgan’s move on Consmedia
A surprise move by a big US investment bank and a group of hedge and investment funds associated with it in the share register of Consolidated Media Holdings, 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.
Tips and rumours
They’re not a happy bunch at Fairfax’s Bendigo Advertiser. Recently, the MEAA announced it had discovered reporters had not been paid penalty rates for evening and weekend shifts for the past few years. General Manager Peter Dehnert’s response: “We must have overlooked it”. But it’s not just non-editorial management… recently appointed editor Peter Kennedy (three-time […]
Lachlan’s ConsMedia bid flawed from the beginning
It’s not hard to understand why Lachlan Murdoch can’t get $1.2 billion for his $3.3 billion Consolidated Media play. The bid only benefits one person: James Packer, writes Glenn Dyer.
Bell Financial does a Lachlan Murdoch to Tricom
On top of everything else weighing down the markets, Bell Financial Group has this morning pulled out of the Tricom rescue, writes Stephen Mayne.
Media briefs and TV ratings
Foxtel to link with News Corp’s NZ TV business? … Last night’s TV ratings.
Media stocks defy market turmoil
The recent market turmoil seems to be spreading from sector to sector much like a virus, but one industrial sector that has remained largely immune from the carnage has been media companies, writes Adam Schwab.
Murdoch kids still screwing the pooch at News Corp
We all know that Rupert Murdoch is a business legend but you’ve really got to wonder about his kids given that BSkyB last night reported a $250 million loss for the December half after writing down its stake in ITV by $765 million, writes Stephen Mayne.
John Durie loses the plot backing Burrows conflict
The resignation of Fairfax Media deputy chairman Mark Burrows was an absolute no brainer. No company director can accept money or work from a competitor, so from the moment his gig on the CMH privatisation deal was made public on 22 January, his time on the Fairfax board was over, writes Stephen Mayne.
Death of The Bulletin: a family affair
Any media deal that happens needs to be seen in the context and history of Australia’s two richest and most powerful families, the Murdochs and the Packers. And so it is with the closure of The Bulletin, writes Stephen Mayne.
What don’t we know about the Murdoch-Packer deal?
Can a big media name still “add value” to media assets? Lachlan Murdoch must be hoping so – or else he must know something that we don’t, writes Margaret Simons.
Questions the ACCC must ask Lachlan Murdoch
So far the media — or rather the non Murdoch media — haven’t been asking Lachlan Murdoch and his business partner, James Packer, the right questions about the planned joint bid for Consolidated Media Holdings, writes Glenn Dyer.
Governance issues galore in Murdoch-Packer play
Whilst you got no sense of it reading the Murdoch press this morning, there are a pile of delicate regulatory governance issues that arise with the $3.3 billion privatisation of Consolidated Media Holdings, writes Stephen Mayne.
The rising sons say goodnight to Australian media diversity
The prospect of Lachlan Murdoch and Jamie Packer joining forces to privately own the rump of the Packer family’s media empire threatens to negate one of the few benefits that emerged from last year’s massive media machinations, writes Andrew Dodd.
No deal without Rupert’s say so
Lachlan Murdoch needed his father’s approval to do the deal with James Packer to try and take joint control of the Consolidated Media Holdings and its group of mostly Pay TV assets. Glenn Dyer writes.
Crikey Says: Crikey Says
There’s a new traffic cop on the media beat in Australia. His name is Lachlan Murdoch.
Rupert drops to 10%, imposes kids on shareholders
There has been a truckload of commentary in the non-Murdoch press about James Murdoch’s ascension to the third most senior position at News Corporation, but one little explored angle is the role of Lachlan Murdoch and Australia, writes Stephen Mayne.
Lachlan Murdoch not buying into PBL Media
No takers for the 25% of PBL Media still held by PBL. Lachlan Murdoch isn’t interested, but in checking around the story, something new emerged, writes Glenn Dyer.
Is Lachlan Murdoch buying into PBL Media?
There’s a story going round top Sydney media circles today suggesting that Lachlan Murdoch has made a major media play by doing a deal on the 25% of PBL Media not owned by the CVC private equity group, reports Glenn Dyer.
