Bye, bye Jamie.
In reducing his shares to 25% Packer effectively closes a chapter of the legendary Australian family’s media ownership.
His grandfather was a newspaper magnate, his dad a TV boss and now the heir apparent will focus on his gambling empire.
In just two weeks we have seen the CEO exit, the Nine logo ‘balls’ return and now the owner pass on his control.
I can’t help but feel that accountants will now be running our oldest television network, who won’t have any history or emotional attachment, other than to see the company in the black.
All of the above is a continued fallout from the death of Kerry in December 2005, together with changes in media ownership under Helen Coonan.
Watch now for on-air changes for the next 12 months.