Kerry Packer, media king, passes away, obituary information
Sydney (New York Times) – Kerry Packer, Australian media tycoon, passed away on December 26, 2005 at the age of 68 after a long battle with kidney failure.
He is considered one of the most powerful and influential media moguls in Australia in the 20th century. The Packer family controlled Australia’s century-long media empire, owning major television networks such as Nine Network and publishing companies such as Australian Consolidated Press.
Outside Australia, Packer is best known for founding the World Series Cricket in 1977. He attracted many top cricketers from several countries to join the tournament, causing a major crisis. in international cricket.
Packer was also famous for his bold business style and brash appearance. Many consider him to be one of Australia’s smartest and most versatile businessmen, even though he is not entirely self-made.
He is also widely known as a professional gambler, regularly winning large sums of money at casinos in England and Las Vegas. However, Packer also suffered some setbacks, most notably losing A$28 million in three consecutive days at a London casino in 1999.
However, he still left a profound mark in Australian media history. His empire is now held by his son James Packer and still plays a key role in the country’s television, media and entertainment sectors.
Remembering Kerry Pack
Kerry Packer, the Australian media kingpin, passed away at the age of 68 on December 26, 2005, just days after his 68th birthday. He is one of the most influential and powerful figures in Australian media history.
The Packer family has dominated the Australian media industry for generations. Kerry’s grandfather, Robert Clyde Packer, owned two newspapers in Sydney. His father, Sir Frank Packer, was one of Australia’s first media moguls, controlling the Nine Network television network and the publishing group Australian Consolidated Press.
Kerry inherited his family’s media empire after his father’s death in 1974. Under his leadership, Publishing and Broadcasting Limited (PBL), which owns the Nine Network and Australian Consolidated Press, grew into a giant media empire.
Outside of Australia, Packer is best known for establishing the World Series Cricket in 1977. This new tournament attracted many top cricket players, prompting fierce protests from international cricket governing bodies.
Packer is also famous for his bold business style. In 1987, he sold the Nine Network to businessman Alan Bond for a record A$1.05 billion, then bought it back for A$250 million just three years later as Bond’s empire collapsed.
Besides his successful career in the media business, Packer is also known as a professional gambler. In 1999, he lost 28 million Australian dollars after 3 consecutive days of gambling at London casinos, one of the largest betting losses in British history.
However, Kerry Packer still left a deep mark in Australian media history. His empire is now held by his son James Packer, who remains a key player in Australia’s television, media and entertainment sectors.
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