BREAKFAST DEALS: Media motives

News Corp prepares to vote on a proposal to split the company, while Fairfax rejects Gina Rinehart's board seat request.

Rupert Murdoch is set to put a split proposal before his fellow News Corp directors a year after labelling such a move as "rubbish”. What’s changed the media mogul’s mind? Elsewhere in media, Fairfax has rejected Gina Rinehart’s push for board seats once again – what will she do with her 18 per cent stake? Alesco Corporation has fired back at DuluxGroup, which was firing at Alesco – underlining just how stuck with each other these two are. Elsewhere, James Packer is considering a deal in The Philippines, while Chinese banks are looking for a greater slice of Australia’s syndicated loans market.

News Corp, Rupert Murdoch

Media mogul Rupert Murdoch dismissed the idea of a demerger of his company’s publishing and entertainment divisions as "rubbish” about a year ago.


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