Media

May 13, 2014

Media briefs: Murdoch deal … A-teams … keeping the embargo …

The Murdochs stand to benefit from a new mega-deal.... Plus the papers' budget A-teams, and why we can't break the budget embargo...

Sky mega-merger deal for Murdochs. It’s a typical Rupert Murdoch deal — using other people’s money to further the family’s corporate and dynastic ambitions. It has happened in all arms of the company: buying the Shine TV production company (which was the plaything of daughter Elisabeth) and handing her US$248 million in profits was a recent example. And 21st Century Fox has so far used more than US$9 billion of its money (which is owned by all the shareholders, not just the Murdoch family and their 12% stake in both the voting and non-voting shares) since mid-2011 (when it was the original News Corp) to buy back shares and boost the share price.

2 comments

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2 thoughts on “Media briefs: Murdoch deal … A-teams … keeping the embargo …

  1. klewso

    Clackerman will handle the white-wash?

  2. Electric Lardyland

    If that’s the Australian’s A-team, I’d hate to see their B-team.
    Oh! I’ve just seen it on the cover of the Telegraph. I’m sure we’ll get some nice fair and balanced reporting there.

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