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James Packer buys up $US80m stake in Ten owner, Paramount Global

Primrose Riordan
Primrose RiordanSenior Reporter

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James Packer has built a $US80 million ($123.4 million) stake in Paramount Global, the American media and entertainment conglomerate that owns Network Ten, signalling a broadening of the billionaire’s media interests.

Mr Packer returned to the world of media earlier this year after several years’ absence when he emerged as a key multimillion-dollar investor in embattled broadcaster Alan Jones’ Australian Digital Holdings.

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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com

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    Original URL: https://www.afr.com/companies/media-and-marketing/james-packer-buys-up-us80m-stake-in-ten-owner-paramount-global-20231213-p5erax