BARCELONA, Spain, July 20, 2011 /PRNewswire/ -- Private Media Group, Inc.

By Peter Taylor IN FROM the cold. Returning from exile. A monumental comeback. Call it what you will, but there is no doubt about the significance of Lachlan Murdoch's audacious return to the media landscape Down Under.

By Denny Thomas Lachlan Murdoch and James Packer, the Australian gaming magnate, on Monday made a joint offer of 3.3 billion Australian dollars to buy out Consolidated Media Holdings, the Packer-backed publishing company.

By Simms, Jane Strengthening its broadband offer by buying AOL's web access arm has pitched Carphone against its suppliers.

James Packer, the son of the Australian media tycoon Kerry Packer, broke down in tears over the imminent collapse of the telecoms company One.Tel, a court heard yesterday.