Kerry Packer

2 Stories

Once-Richest Aussie Dumps His Playthings

With fortune halved by downturn, James Packer selling $50M yacht, postpones pool

(Newser) - The recession is forcing one of Australia's richest men to cut back on the playboy life, the Sunday Telegraph reports. James Packer, son of media mogul Kerry Packer, is selling his $50 million yacht, halting the construction of a $3 million pool complex at his family home, and pushing back... More »

Murdoch Heir's Deal for Aussie Media Mainstay Falls Apart

Consolidated Media won't budge on price

(Newser) - A $3 billion bid for control of Australia's Consolidated Media Holdings by Rupert Murdoch’s son, Lachlan, is dead in the water after Murdoch’s financial backers and CMH—a major magazine and TV player—failed to agree to a price for the takeover, the Australian reports today. The original... More »

2 Stories