Lachlan Murdoch may soon own Adweek and the Clio Awards in Nielsen Business Media play

According to a report in today’s SMH,which originated in the Financial Times, Lachlan Murdoch is close tomaking a joint bid for Nielsen Business Media, which owns US trademagazines including Billboard and The Hollywood Reporter. Nielsen alsoowns Adweek and the Clio Awards, one of the top 4 internationaladvertising shows.

Lachlan is no stranger to advertising festivals himself, havingbeing honoured as the 2005 Cannes Advertising Person of the Year and hewas a special guest at the CB Colombe d’Or Lunch that year.Perhaps that is where the seed of this play for Nielsen originated!Murdoch is pictured at the Lunch with Ted Royer (then at Publicis New York, now Droga5, New York), Matt Long(Goodoil Sydney), Gary Freedman (The Glue Society, New York) and DavidNobay (then at Saatchi & Saatchi Sydney, now Droga5 Sydney). Andalso with Lunch co-host Patsy Peacock, principal of FBI Recruitment,Sydney.