More than just friends?

The proposed $3.3 billion Consolidated Media privatisation may involve more than James Packer letting Lachlan Murdoch share what’s left of his family’s media interests.

Consolidated Media and News Corp are already partners in two strategic and related businesses – Foxtel and the Premier Media Group that owns the Fox Sports channels. They each own 25 per cent in Foxtel (Telstra owns the other 50 per cent) while they share ownership of the very profitable Premier Media.

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