Companies

May 27, 2013

Lachlan-isation of Oz media: Murdoch jnr to flex muscle

The forthcoming split in News Corp has confirmed a Lachlan Murdoch-isation of Australian media. Board positions and yet another writedown (around $US1.2 billion) were revealed late Frid

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

The forthcoming split in News Corp has confirmed a Lachlan Murdoch-isation of Australian media. Board positions and yet another writedown (around $US1.2 billion) were revealed late Friday night our time in another filing in the US.

As a result of these changes Lachlan Murdoch emerges as a power in his own right, evolving from being a member of the family company’s board to the most pervasive figure in Australian media. He will have board positions on the country’s major newspaper and pay TV group (the about to be re-launched News Corporation), and will chair and own shares in the country’s third free-to-air TV network (Ten) as well as controlling a major commercial FM radio channel (DMG, parent of the Nova and Smooth stations).

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