Thursday, December 10, 2009

Deals | Lachlan Murdoch said out of Nielsen bid

That's according to the New York Post and PaidContent, which says "a group led by James Finkelstein and Pluribus Capital Management has acquired a half-dozen titles from Nielsen, including Billboard, The Hollywood Reporter, Adweek, Mediaweek, Brandweek and Backstage."

Lachlan Murdoch and his Illyria investment company had been interested in the deal, paidContent reported earlier, and he was supposed to be part of the final group. But the Post's Keith Kelly says Murdoch has dropped out of the final bidding. The NYP, of course, is part of the News Corp. empire.

Lachlan has lately been raising money for investments, most recently by selling all his non-voting shares in NWS.

Please post your replies in the comments section, below. To e-mail confidentially, write gannettblog[at]gmail[dot-com]; see Tipsters Anonymous Policy in the rail, upper right.

No comments:

Post a Comment

Please keep comments focused squarely on topics related to News Corp. and its affiliates.