BREAKFAST DEALS: Murdoch's radio mix

Lachlan Murdoch buys up DMG Radio Australia, while Qantas and Emirates look to be forming closer ties.

Lachlan Murdoch has moved to strengthen his position in the Australian radio market by picking up the remaining 50 per cent of Nova operator DMG Radio that he doesn’t own. While his chairmanship at Ten Network is a story of recovery, a tie-up between the two companies could easily make sense one day. Meanwhile, Qantas Airways is believed to be close to an Emirates code-sharing deal, as Etihad takes 10 per cent of rival Virgin Australia. Elsewhere, Gunns Limited is still suspended from trading, with no end to its financing woes in sight.

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