Dublin: 03.09.2010 09:32 AM

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Gerard Cleary of Glenisk, winners of the SFA National Small Business Awards 2010 talks about the growth of the Offaly-based company

Leadership

Murdoch’s son sells half of his News Corp common shares

27.11.2009
A son of News Corp CEO Rupert Murdoch has sold just over half of his holding of common shares in the media company for some US$27m in order to buy a large stake in an Australian radio broadcaster.

According to reports, Lachlan Murdoch’s private investment firm Illyria purchased 50pc of Daily Mail & General Trust's radio operations in Australia, DMG Radio Australia, in a deal rumoured to be worth US$110m.

Lachlan Murdoch holds a position on News Corp’s board.

 

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