Who owns pbl media

Nine has dragged PBL through a period of negative press with its operational problems and a messy scandal over claims of editorial interference and a blokey culture. The new, private company will retain the services of those existing managers who have come under fire, including Nine's Eddie McGuire. ACP's Mr Law will also retain his role as head of magazines. Mr Packer has moved quickly to modify the structure of the media business.

It is less than 10 months since his father, Kerry, died and already Mr Packer is showing no qualms in part-selling the sacred cow, the Nine Network. CVC is in the midst of another drama - attempting to gain the support of the Coles Myer board after it made an offer for the supermarket group as part of a consortium of bidders led by Kohlberg Kravis Roberts.

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Australians will be financially better off under net zero plan, climate modelling shows. PBL shares soared as the Australian sharemarket embraced the second major restructure by Mr Packer, jumping by as much as 8.

The remaining 50 per cent of PBL Media was sold to private equity firm CVC Asia Pacific when the company was created in October to free up cash for Mr Packer to expand his international gaming interests and take advantage of new media ownership rules.

Mr Packer, Australia's richest man and PBL's executive chairman, said PBL had successfully recapitalised its investment in PBL Media over the last 12 months and seen strong earnings growth in its new media businesses, including the company's pay television interests. The company plans to focus on its high growth telecommunications, multimedia and media infrastructure businesses following the sale. Please try again later.