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Friday, 25 January 2008 |
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The latest issue of the Bulletin will be its last, ACP revealed at a staff meeting yesterday. So it's farewell to Australia's oldest news magazine which first saw the light of day in 1880 and promoted such iconic figures as Banjo Patterson and Henry Lawson. Over the last decade the magazine has lost almost half its circulation, partly due to the rise of the internet, according to ACP, and the company sees 'limited prospects of improvement.' 'This is the problem with bringing bankers in to own media companies.' media analyst Peter Cox told AAP. Last year James Packer sold 75 percent of ACP's parent company PBL to private equity firm CVC Asia Pacific. |
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ACCC To Examine Packer-Murdoch Deal |
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Friday, 25 January 2008 |
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The Australian Competition and Consumer Commission will examine Lachlan Murdoch's position on the News Corporation board, after this week's announcement of a joint $3.3 billion bid with James Packer for Consolidated Media Holdings. ACCC chief Graeme Samuel told the Australian they will assess "weather it leads to anti-competitive relationships." |
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Packer and Murdoch unite in business deal |
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Tuesday, 22 January 2008 |
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Australian businessmen James Packer and Lachlan Murdoch have teamed up in a bid to privatise the Packer family’s Consolidated Media Holdings, which currently has stakes in Foxtel, Fox Sports and the Nine Network.
Lachlan Murdoch, son of Rupert Murdoch –chairman of New Corporation- told the Australian he had organised investors for the deal on his own: "This is completely my own transaction. This is nothing to do with News Limited, or for that matter, News Corporation."
This is the fourth alteration to Packer’s family media assets since the federal Government announced changes to media ownership laws in 2006, according to the Australian.
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Report looks bad for minority station ownership |
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Friday, 30 November 2007 |
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Free Press has released Out
of the Picture 2007, an updated analysis of the impact of consolidation on
minority and female television station ownership. The report updates the
results from last year's Out of the Picture study - the first complete assessment
of female and minority ownership of commercial broadcast TV stations. The data
suggests the future of minority TV station ownership is in jeopardy.
Read the report here...
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Friday, 16 November 2007 |
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Rupert
Murdoch has announced that online readers will be able to read the Wall Street
Journal (WSJ) for free. Murdoch believes that by abolishing the subscription
fee, wsj.com's readership will increase
and so will the advertising dollars.
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Murdoch takeover causes angst at Dow Jones |
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Monday, 06 August 2007 |
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"It'll be a question of what the Journal doesn't cover,
rather than what it does. I suspect the Journal has won the last Pulitzer prize
it's going to get for coverage of
China." said John Morton, a Maryland-based
newspapers analyst.
Read full article here....
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Murdoch’s $5.6b bid for Dow Jones Successful |
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Wednesday, 01 August 2007 |
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After months of negotiations Murdoch finally received the
required level of support for his media conglomerate News Corporation to take
control of Dow Jones – owner of the Wall Street Journal - from the Bancroft
family, who collectively owned 37 per cent of Dow Jones voting stock.
The family was deeply divided over the decision to sell to
Murdoch and many Wall Street staffers expressed concern that he will use the
paper to further his business and political interests and will lower its reputation.
"It's a bad thing for the Journal and American
journalism that the Bancroft family could not resist Rupert Murdoch's generous
offer," said former Dow Jones director, Jim Ottaway Jr.
Andrew Neil, a former editor of News Corp’s Sunday Times also
spoke out, telling
London
radio that Murdoch was an “interventionist proprietor,”
“When there is something he feels strongly about or when
some of his business interests are at stake he leaves you in no doubt what he
wants you to do.”
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