Lachlan Murdoch News
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Ten Network Holdings Ltd., the Australian television company which counts Lachlan Murdoch as chairman, posted a record first-half loss as it wrote down its broadcast license amid a ratings slump.
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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.
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Ten Network Holdings Ltd., Australia’s third-biggest television broadcaster, appointed News Corp.’s Hamish McLennan as chief executive officer, replacing James Warburton after a year in the job.
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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.
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Lachlan Murdoch’s private equity firm Illyria bought 50 percent of DMG Radio Australia from Daily Mail and General Trust Plc for full ownership of the company of which he is chairman.
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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.
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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.
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James Packer and Lachlan Murdoch will spend the next month assessing Ten Network Holdings Ltd.’s strategy and senior executives, the Australian Financial Review reported, citing a person familiar with the situation it didn’t name. Packer and Murdoch are keen to revamp Ten’s management team, the newspaper reported.
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Dame Elisabeth Murdoch, one of Australia’s leading philanthropists and the mother of News Corp. Chairman and Chief Executive Officer Rupert Murdoch, has died. She was 103.
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