Rupert Murdoch's eldest son, Lachlan is poised to make a stunning return to the media industry along with James Packer. Each is expected to take a 50% stake in a joint venture to privatise Packer's company, Consolidated Media Holdings. Lachlan, who resigned as a News Corporation executive in 2005, will become the executive chairman. (Via The Australian)
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Lachlan Murdoch in big media move
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