Lachlan Murdoch joins Prime board

Lachlan Murdoch joins Prime board

Lachlan Murdoch has taken the position of deputy chairman of Prime Media Group (ASX:PRT), after his Illyria group purchased an 8.9% holding in the company.

Murdoch, a former News Corp director and son of Rupert Murdoch, will work alongside chairman Paul Ramsay.

The Illyria group paid $16 million for its holding in Prime last year.

“Murdoch's keen interest as a significant shareholder has helped Prime re-focus on our regional television and radio businesses,” Ramsay said. “His appointment as deputy chairman further enhances the business.”

PRT shares are today trading 0.78% lower at $0.635.

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Tags Lachlan MurdochPrime Media GroupPaul RamsayIllyriaASX:PRT

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