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November 30, 2017

CMA completes father-son transition, Koch brothers in controversial takeover, and Bharti family donate 10% of wealth

CMA completes father-son transition

Rodolphe Saadé has taken over as chairman of container shipping firm CMA CGM, the business which his father founded and which made his family billionaires.

Lebanese-French businessman Jacques Saadé founded CMA container shipping in Marseille in 1978, later acquiring logistics company CGM. The Saadé family, worth an estimated $1.86 billion according to Forbes, own 75% of CMA CGM.

November 17, 2017

Family-backed bidders court 21st Century Fox; ESG focus puts Inditex CE on top; and 60 years and billions of potatoes

Family-backed bidders court 21st Century Fox

A number of family and non-family backed media companies have been linked with the potential acquisition of parts of 21st Century Fox, as rumours swirl around the potential break-up of the Murdoch family’s media empire.

October 1, 2015

UK couples are increasingly avoiding the courts in divorce cases due to media interest in proceedings, which sees their assets, financial arrangements and other personal details become public, according to a local law firm.

UK couples are increasingly avoiding the courts in divorce cases due to media interest in proceedings, which sees their assets, financial arrangements and other personal details become public, according to a local law firm.

Couples can request reporting restrictions, explains UK firm Hugh James, but are required to alert the media to their application for privacy to give them the opportunity to contest it.

September 3, 2014

The last member of the family that owned US newspaper Washington Post for eight decades, before its sale to Amazon founder Jeff Bezos last year, is to step down as publisher of the former family business by the end of this month, the company has this week revealed.

The last member of the family that owned US newspaper Washington Post for eight decades, before its sale to Amazon founder Jeff Bezos last year, is to step down as publisher of the former family business by the end of this month, the company has this week revealed.

Katharine Weymouth had been part of the business, bought by her great-grandfather in 1933, for 17 years and had been in her current role as chief executive and publisher for seven years.

August 6, 2013

Family media dynasty the Grahams have sold The Washington Post, one of the most respected news organisations in the US, after eight decades of family ownership.

Family media dynasty the Grahams have sold The Washington Post, one of the most respected news organisations in the US, after eight decades of family ownership.

It has been bought, along with a number of weekly newspapers, for $250 million (€188.6 million) by Jeff Bezos, the founder and chief executive of online retailer Amazon.

November 7, 2012

Henri Audet, the founder of Canadian media giant Cogeco, died on 3 November aged 94.

Henri Audet, the founder of Canadian media giant Cogeco, died on 3 November aged 94.

The family business, which is the country’s fourth-largest cable television provider, said in a statement that ownership of the group will remain with the founding family.

Audet, who studied to become an electric engineer, started his career in Canadian Broadcast Corporation, a publicly owned radio and television group, in 1945.

February 3, 2011

Media giant News Corporation announced on 2 February that its revenues for the second quarter increased to $642 million from $254 million for the same period a year before, as it simultaneously launched its news publication created exclusively for the iPad.

Media giant News Corporation announced on 2 February that its revenues for the second quarter increased to $642 million from $254 million for the same period a year before, as it simultaneously launched its news publication created exclusively for the iPad.   

February 2, 2011

Family-controlled media group Lagardere announced on 31 January that it is to sell its international magazine business to fellow family publisher Hearst Corporation for €651 million in cash.

Family-controlled media group Lagardere announced on 31 January that it is to sell its international magazine business to fellow family publisher Hearst Corporation for €651 million in cash.

The US-based publisher will take control of 102 magazine titles in 15 countries from the US to Hong Kong – a business which had revenues of €774 million last year.

January 20, 2011

Family-controlled media company Comcast announced on 20 January that it has won the approval of US regulators for its merger with NBC Universal, a deal that was first announced more than a year back.

Family-controlled media company Comcast announced on 20 January that it has won the approval of US regulators for its merger with NBC Universal, a deal that was first announced more than a year back.

Comcast will acquire 51% of NBCU, with the remaining being retained by General Electric, which will sell it to Comcast over seven years.

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