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April 8, 2008

A joint venture led by two next generation members of Australia’s most powerful families has ended after only two months.

A joint venture led by two next generation members of Australia's most powerful families has ended after only two months. Lachlan Murdoch, son of News Corp chief Rupert, has written to Consolidated Media Holdings stating that the deal he was pursuing with CMH executive deputy chairman James Packer (pictured) to purchase the firm is off.

The letter from Murdoch stated that they are "not in a position to proceed with the Indicative Proposal due to material changes in the overall transaction terms. Accordingly, the Indicative Proposal has been withdrawn."

March 1, 2008

Known for their pragmatism and bluntness, Australians inhabit a vast island nation where family enterprise is deeply influenced by a harsh natural environment and social history. Dennis Jaffe investigates the succession issues facing the Aussie family businesses

Dennis Jaffe is a founding partner of Relative Solutions.

Known for their pragmatism and bluntness, Australians inhabit a vast island nation where family enterprise is deeply influenced by a harsh natural environment and social history. Dennis Jaffe investigates the succession issues facing the Aussie family businesses

February 18, 2008

The insider trading case at Dow Jones & Company has led to the resignation of one of Hong Kong’s Executive Council members.

The insider trading case at Dow Jones & Company has led to the resignation of one of Hong Kong’s Executive Council members. David Li, the chairman and chief executive of family-owned Bank of East Asia, told ExCo chief executive Donald Tsang that “he regretted that the matter had caused public concern and thus wished to resign from the Council.”

February 14, 2008

James Murdoch could net nearly $20 million in his new post at News Corp.

James Murdoch (pictured) could net nearly $20 million in his new post at News Corp. He will receive a base salary of $3.4 million in his role as head of Asian and European operations and could also earn bonuses of approximately $16 million.

However, he still has some way to go to match his father's wealth. Rupert Murdoch, CEO of News Corp, earns a reported salary of $8.1 million. He also owns 30% of the firm and is worth an estimated $9 billion.

February 6, 2008

David Li, chairman and CEO of family-owned Bank of East Asia, has paid an $8.1 million civil penalty to the US Securities and Exchange Commission to settle an insider trading case.

David Li, chairman and CEO of family-owned Bank of East Asia, has paid an $8.1 million civil penalty to the US Securities and Exchange Commission to settle an insider trading case.

In May 2007 the SEC launched charges against Li and three other individuals for illegal tipping and trading in the securities of Dow Jones & Company in the weeks before the public disclosure of an unsolicited acquisition offer by News Corporation. The  amount paid by all four individuals totals $24 million.

January 21, 2008

Two of the world’s most powerful media families have joined forces once again to make an offer for Australian firm Consolidated Media Holdings.

Two of the world's most powerful media families have joined forces once again to make an offer for Australian firm Consolidated Media Holdings. Lachlan Murdoch, the eldest son of Rupert, and James Packer (pictured), CMH's executive deputy chairman, have launched a 50/50 joint venture to acquire 100% of the firm for $4.06 per share.

CMH owns a stake in subscription television business FOXTEL, sports channel FOX Sports and online employment business SEEK. Consolidated Press Holdings, the Packer family's private company, currently owns 38% of the firm.

January 8, 2008

News Corporation has acquired a 14.58% stake in Premiere AG, the German pay-TV operator, for €287 million in cash.

News Corporation has acquired a 14.58% stake in Premiere AG, the German pay-TV operator, for €287 million in cash. This comes only one month after James Murdoch became chief executive of News Corporation Europe and Asia. With over 10 million viewers and more than four million subscribers, Premiere AG is the leading pay-TV operator in Germany and Austria.

January 1, 2008

In today’s globalised world, taking the family business global is unavoidable if the family wants to stay together as owners. François de Visscher and Jane Simms assess the challenges and opportunities that confront families who are faced with this decision

In today's globalised world, taking the family business global is unavoidable if the family wants to stay together as owners. François de Visscher and Jane Simms assess the challenges and opportunities that confront families who are faced with this decision

When family businesses expand beyond their national borders, the very fabric that made them successful can be torn apart by the forces of globalisation.
 

December 17, 2007

The long-running saga of whether Rupert Murdoch would choose one his siblings to be his successor finally looks to be over with the appointment of James Murdoch as chairman and CEO for News Corporation Europe and Asia.

 
The long-running saga of whether Rupert Murdoch would choose one his siblings to be his successor finally looks to be over with the appointment of James Murdoch as chairman and CEO for News Corporation Europe and Asia. James, who said he was "excited to be rejoining News Corp" has resigned as CEO of News Corp's UK-based BSkyB business.
 

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