MASS MEDIA – AUSTRALIA

Fairfax defence: Leighton consultancy deal ‘corrupt’

roymorgansocial Leave a comment

Original article by Leo Shanahan, Damon Kitney
The Australian – Page: 25 : 23-Jun-14

Fairfax Media is resorting to the defence of truth in the defamation law suit brought against it by ex-Leighton Holdings CEO Wal King. He objects to a series of articles published in 2013 that claimed he had knowledge of bribes paid to gain oil sector contracts in Iraq. The defence now mounted by Fairfax also alleges that corrupt and unethical conduct occurred when King sought to obtain a consultancy role worth $A5m from Leighton after he stepped down. The company maintains that no such agreement was in fact struck

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, LEIGHTON HOLDINGS LIMITED – ASX LEI, UNAOIL GROUP, SUPREME COURT OF NEW SOUTH WALES

Private equity firms sound out Ten

roymorgansocial Leave a comment

Original article by Sarah Thompson, James Chessell
The Australian Financial Review – Page: 3 : 23-Jun-14

Insiders claim struggling Australian free-to-air TV group Ten Network’s board and management are keen to see it delisted. Some four tenths of its issued scrip is already held by just four major investors, in the shape of Lachlan Murdoch, James Packer, Gina Rinehart and Bruce Gordon. There are now rumours that US-based Providence Equity Partners is interested in taking Ten private, and has held talks with it. The media company has recruited law firm Gilbert + Tobin and investment bank City as advisers on any sale plans

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, GILBERT AND TOBIN LAWYERS, CITIGROUP PTY LTD, PROVIDENCE EQUITY PARTNERS INCORPORATED, FOX TELEVISION STATIONS INCORPORATED, 21ST CENTURY FOX INCORPORATED, CBS CORPORATION, CROWN RESORTS LIMITED – ASX CWN, WIN CORPORATION PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, CONSOLIDATED MEDIA HOLDINGS LIMITED, NEWS CORPORATION – ASX NWS