Lachlan Murdoch


Star CEO to be new 21st Century Fox Asia boss

21st Century Fox has named the chairman and CEO of pay TV business Star India as its overall boss in Asia. Uday Shankar has been named president of 21st Century Fox Asia, effective immediately. The change means Fox Networks Group Asia president Zubin Gandevia now reports into Shankar, who has been placed in charge of […]

CBS’s Ten deal nears completion

US broadcaster CBS has just one obstacle to overcome in order to take over Australian commercial net Ten. CBS has received the deal greenlight from Australia’s Foreign Investment Review Board (FIRB), leaving only the legal transfer of shares as an outstanding issue. The FIRB has no problems with the deal, which formulated after it emerged […]

Ten creditors choose CBS over Murdoch

CBS Corp will be the next owner of Australia’s Network after creditors accepted its offer. Lachlan Murdoch and business partner Bruce Gordon had tabled a rival offer in a bid to derail CBS’s previously agreed deal for Ten, but this has come up short. Unsecured creditors met yesterday to decide what deal to accept, and […]

Murdoch & Gordon fail to stop CBS’s Ten deal

Lachlan Murdoch and Bruce Gordon have failed in their attempt to stop US broadcaster CBS buying troubled Australian channel Network Ten. The pair had attempted to halt a crucial creditors meeting that will decide whether CBS Corp. can move ahead with its A$201 million (US$161 million) deal, but have seen this rejected in court. Administrators […]

Murdoch attempts to derail CBS deal for Ten

Lachlan Murdoch isn’t giving up on Network Ten just yet. While his brother James was playing politics in the UK over 21st Century Fox’s stuttering deal for Sky, Murdoch has launched a new bid to buy struggling Australian channel Network Ten. Earlier this week, the Australian government relaxed rules that stopped Murdoch from owning a […]

Peter Rice upped to 21st Century Fox president

Peter Rice has been promoted to president of global media giant 21st Century Fox. He was previously chairman and CEO of Fox Networks Group (FNG), and has worked with the Murdoch media empire since 1989 when he joined as intern. Rice (pictured) will keep his FNG roles, which already see him working closely with Fox […]

CBS loans Ten A$143m to pay off creditors

CBS has handed Network Ten a multi-million dollar loan to pay off creditors – including 21st Century Fox chief Lachlan Murdoch – as the US broadcaster moves closer to buying its Australian counterpart. The agreements see CBS loaning Network Ten A$142.7 million (US$113 million) to refinance the commercial channel’s debts, according to Network Ten administrators […]

Fox chief: live-streaming TV proves pay power

The progress of live-streaming TV services reaffirms the strength of pay TV bundles, according 21st Century Fox executive chairman Lachlan Murdoch. He said that while the pay TV industry had lost around 2% of subscribers over the past year, those gained from the likes of YouTube TV and Hulu Live, plus growth at new cable […]

CBS ‘among nine eyeing Network Ten’

US broadcaster CBS may be in hunt for Australian commercial broadcaster Network Ten. CBS is one of nine potential suitors that are being linked to a takeover of Ten, which remains in administration after its key shareholders refused to back a new financial package. Previous reports have claimed CBS, Ten’s biggest debtor, would be willing […]

CBS ‘claiming A$843m debts from Network Ten’

CBS Studios International (CBSSI) is reportedly claiming A$843 million (US$642.2 million) in debts from troubled Australian channel Network Ten. Various reports claim the international sales arm of US broadcaster CBS is the largest creditor of Ten, which is currently in administration. CBSSI has made the claim to Ten’s administrators, which are currently looking at either […]

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