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Lachlan Murdoch

Payday for Lachlan Murdoch

Wednesday 16 May, 2018

Nova has reported a fully franked dividend of $32.5m.

Murdoch not selling Nova despite what the AFR says

Thursday 06 November, 2014

A spokesperson for Lachlan Murdoch has told radioinfo that the Nova network is definitely not for sale.

Speculation on a sale was ignited again today by an article in the Australian Financial Review's Street Talk column that pondered whether News Limited and Channel Seven might work together on acquisitions.

In the article was this line:
 

I have no intention to sell Nova Entertainment: Lachlan Murdoch

Thursday 05 June, 2014

Responding to reports in Fairfax newspapers yesterday that the Nova network was up for sale, owner Lachlan Murdoch today sent an internal email to all Nova staff criticising the report and calling it "very unfair."

The internal memo, confirmed by radioinfo, says:
 

A small number of you may have read in the Financial Review this morning that I am selling Nova Entertainment Group...

Nova Entertainment up for sale says report

Wednesday 04 June, 2014

Speculation is rife that Lachlan Murdoch’s company Illyria is looking to unload Nova Entertainment now that he has rejoined his father’s News Corp conglomerate as co-chairman.

The Sydney Morning Herald reports: "Leading investment banks have sounded out interest among media companies for Lachlan Murdoch's radio business Nova Entertainment.

"It's estimated the sale of Nova could realise as much as $400 million."

Nova Chairman appointed Co-Chair at News Corp

Thursday 27 March, 2014

Nova Executive Chairman Lachlan Murdoch has been named Non-Executive Co-Chairman of News Corp by the Board of Directors.

“This appointment is a sign of confidence in the growth potential of News Corp and a recognition of Lachlan’s entrepreneurial leadership and passion for news, digital media and sport,” said Rupert Murdoch, Executive Chairman of News Corp. 

DMG announces rebrand

Wednesday 26 February, 2014

The long awaited name change from dmg to something else… that has nothing to do with it’s erstwhile owners who departed in 2012, has finally come to pass.

In a move to reflect the company’s more diversified position in the media and entertainment landscape, they’ve settled on Nova Entertainment.

Current owner Lachlan Murdoch’s Illyria Pty Ltd acquired 50% of the previous company in November 2009 and the other 50% in September 2012.

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