WAN-IFRA

Shaping the Future of the Newspaper

Date

Fri - 25.05.2012


Competition watchdog will look over Consolidated Media deal

Competition watchdog will look over Consolidated Media deal

The Australian Competition and Consumer Commission will scrutinise Lachlan Murdoch and James Packer's joint AU$3.3 billion bid for Consolidated Media Holdings Ltd. for any possible links to News Corporation, MarketWatch reported Wednesday.

Lachlan Murdoch is the son of News Corp. Chairman Rupert Murdoch, and also has a seat on News Corp.'s board.

ACCC Chairman Graeme Samuel said the commission will examine that relationship to decide wither it could lead to anti-competitive relationships, MarketWatch reported.

The association “would only be relevant if hypothetically there was a competition concern if News Ltd. were in fact the party involved,” he said.

Tags

Author

Leah McBride Mensching

Date

2008-01-24 07:34

Shaping the Future of the Newspaper


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