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Sunday, January 20, 2008
Is Lachlan just trying to impress his Dad?
Shares in James Packer's Consolidated Media Holdings Ltd are in a trading halt amid rumours that the listed company could be privatised under a $2 billion deal involving Lachlan Murdoch.Don't we have media ownership laws to stop this sort of nonsense?
The Australian website is reporting that Mr Murdoch, who quit his father Rupert Murdoch's News Corp in 2005, will become executive chairman of the company.
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