Elisabeth Murdoch's Very Own Media Empire
Meet media up and comer Elisabeth Murdoch. She's a TV whiz whose company just made a $125 million acquisition! The Times says she "Sets Her Own Course in TV" and now has "the beginnings of her own global entertainment business!" How does she do it?? "Sony helped finance Ms. Murdoch's acquisitions, having recently raised its stake to 20 percent from 14 percent. Another source of funds was a distribution from the Murdoch family trust last year, in which each of the Murdoch children received $100 million in News Corporation stock for their personal use." Oh, right. That. [Times]