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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 Accordingly, the Indicative Proposal has been withdrawn."

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.

September 1, 2004

An ageing population means the number of business owners seeking to leave their businesses over the next few years is ever increasing. But recent research suggests succession planning needs to be a much higher priority. Rowena Barrett and Glennis Hanley report

Rowena Barrett is director of the Family and Small Business Research Unit, Monash University, Melbourne. Glennis Hanley is a research associate with the Family and Small Business Research Unit.

An ageing population means the number of business owners seeking to leave their businesses over the next few years is ever increasing. But recent research suggests succession planning needs to be a much higher priority. Rowena Barrett and Glennis Hanley report

July 1, 2004

A spate of international financial scandals has forced governments to crack down on corporations, bringing corporate governance to the fore. But are the recommended steps to improve corporate behaviour fully applicable to family firms?

Hywel Lewis is a freelance financial journalist specialising in family business.

A spate of international financial scandals has forced governments to crack down on corporations, bringing corporate governance to the fore. But are the recommended steps to improve corporate behaviour fully applicable to family firms?

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