For buyers as diverse as Rupert Murdoch’s eldest son Lachlan and rural broadcaster Southern Cross Media Group Ltd., there’s no cheaper media target in Australia than Ten Network Holdings Ltd.
Lachlan Murdoch’s Australian sojourn is over.
James Packer , Australia’s richest man, and Lachlan Murdoch , son of News Corp. Chairman Rupert Murdoch, face a revived lawsuit over the collapse of One.Tel Ltd.
Lachlan Murdoch was named acting chief executive officer of Ten Network Holdings Ltd. in his most senior role since leaving his father Rupert’s News Corp. in 2005.
Ten Network Holdings Ltd. offered James Packer and Lachlan Murdoch a board seat each less than two weeks after Packer’s Consolidated Press Holdings Ltd. acquired 18 percent of Australia’s third-ranked television broadcaster.
"The board would like to thank James Warburton for his hard work and contribution during what has been a difficult period for the company and for the broader media sector."
- Lachlan Murdoch on Feb 22, 2013