News Limited set to control 100% of Consolidated Media Holdings

Robin Hicks

November 2, 2012 4:00

News Limited has been given the go ahead to acquire 100% of the James Packer-backed Consolidated Media Holdings.

The deal would give News Limited control of half of Foxtel – the other half being held by Telstra – and complete ownership of Fox Sports.

The announcement from News Limited:

News Limited’s chief executive Kim Williams today welcomed the Federal Court’s approval of the proposed Scheme of Arrangement to acquire 100 per cent of the shares in Consolidated Media Holdings.

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Robin Hicks

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News Limited set to control 100% of Consolidated Media Holdings

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