Anonymous
Years ago

How Can Packer Be Allowed To Do This?

I just do not understand how James Packers is allowed to own large chunks of Fox and Ten when they are competeting companies, meaning he can sabotage the ONE HD channel in order to keep Fox afloat. Surely there are rules against this which would prevent him from being able to shut down ONE HD when it is clearly just to drive people onto fox sports?

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Moses Guthrie  
Years ago

Good point. Good point, that. I also want to know how he can own an NFL team in Green Bay, at the same time as two TV channels. Surely this isn't allowed either.

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SRT070  
Years ago

he does not own the majority essentially if he wants to do something the remainding major share holders need to agree. He cant say we are doing this without the backing of the board. So therefore he essentially isnt breaching anything. It sucks but thats how it is.

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pwned  
Years ago

until it happens, he hasnt been allowed to do it.
dont forget about the coporate watchdog, who will be watching this very closely, and has the ability to legally block moves like this.

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SRT070  
Years ago

pwned, the corporate watchdog is exactly that, they just watch. they struggle to sanction anyone these days unfortunately.

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Anonymous  
Years ago

SYDNEY — Australia's Ten Network offered tycoons James Packer and Lachlan Murdoch board seats Monday and said it planned to appoint a new chairman after a major share raid which looks set to shake up the country's TV industry.

Packer has casino interests in Australia and Macau but another of his companies, Consolidated Media Holdings, also holds a 25 percent stake in pay-TV provider Foxtel and 50 percent of the Fox Sports cable network.

News Corp owns the remaining 50 percent of Fox Sports and also holds 25 percent of Foxtel.

The CPH raid is now before Australia's anti-trust watchdog. Ten currently runs a dedicated sports network on its second channel, One HD, providing the only direct competition to Packer and Murdoch's subscriber-only Fox Sports.

Analysts say Packer intends to scrap Ten's One HD and adopt a low-cost model targeted at a younger audience. Ten last month announced annual profits of 150 million Australian dollars thanks to a rebound in advertising revenue.

http://www.google.com/hostednews/afp/article/ALeqM5g26HQpwQpD5Z0LP3MYDxbDWgq8SA?docId=CNG.90fcc3fb8fe0939f953755a219011833.651

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joshuapending  
Years ago

The ride was good while it lasted, back to downloading games and shit local coverage i guess.

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Moses Guthrie  
Years ago

Heard this tonight on Rowey and Cornesy and just about spat out my tea driving to basketball (and no, I wasn't eating and driving ..... much). This'll mean spending time with my wife again. Not happy, Jan.

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Camel 31  
Years ago

That was Bogut on Rowey and Cornesy just then.
A good advert for OneHD show tonite at 7.30pm

( No mention about this Packer-Murdoch, tonite as yet)


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