Competition watchdog will look over Consolidated Media deal
By Leah McBride Mensching, Wednesday 23 January 2008 at 23:34 :: Media Ownership :: #1145 :: rss
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.
Comments
No comment.
Post comment