Murdoch wants son Lachlan to buy Australian papers

[Nostalgic]

Murdoch 'wants Lachlan to buy Australian papers'
Michael Bachelard
July 24, 2011

Read more: http://www.brisbanetimes.com.au/national/murdoch-wants-lachlan-to-buy-australian-papers-20110723-1hu6i.html#ixzz1T0s7uvun


Lachlan Murdoch

RUPERT MURDOCH is trying to offload his Australian media business to his son Lachlan but Murdoch junior is not buying, according to the biographer Michael Wolff.

Wolff, author of The Man Who Owns the News, says that in early to mid-June this year, before the phone-hacking scandal turned sour for him, Rupert Murdoch made a strong effort to bring Lachlan back to an executive role.

''A rather close friend told me that … Rupert was calling people trying to get them interested in buying Lachlan's position in Channel Ten with the express purpose so Lachlan would get out of that and be able to buy News Limited,'' Wolff said from New York.
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Lachlan owns 9 per cent of Ten shares, is a member of the network's board and is acting chief executive officer. His father's move ''really pissed Lachlan off'', Wolff said. ''He was going around complaining to friends that the old man couldn't keep his nose out of Lachlan's business.''

Read more: http://www.brisbanetimes.com.au/national/murdoch-wants-lachlan-to-buy-australian-papers-20110723-1hu6i.html#ixzz1T0s1HuuG

[Tx4obama]

1. Looks like Murdoch hasn't gotten the message that ALL folks with the last name of Murdoch....

need to get OUT of the media business.