Business Services Industry
Kerry had his Alan, James has his Helen.
Australasian Business Intelligence, October, 2006
Byline: Alan Kohler
Oct 17, 2006 (The Sydney Morning Herald - ABIX via COMTEX) -- The Australian Government's new laws governing cross and foreign media ownership have already started to trigger massive change. Although yet to be enacted, they have been reason enough for industry giant Publishing & Broadcasting Limited (PBL) to seek an alliance with private equity firm CVC Capital Partners and spin off the former's TV, web site and print magazine assets. PBL will however retain control of the new entity, which is worth some $A6.5bn and will be highly likely to seek out newspaper titles such as those published by John Fairfax Holdings or West Australian Newspapers Holdings. Meanwhile, the remaining PBL business can use the $A3.5bn gained instantly from the...
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