Sydney -- Lachlan Murdoch, son of News Corp. Chairman Rupert Murdoch, sold half of his stake in the company, business filings show. Filings with the U.S. Securities and Exchange Commission show Lachlan Murdoch sold half of his investment in News Corp. Full Article at The Money Times

NEW YORK (AdAge.com) -- The Nielsen Company's beleaguered trade-publishing unit, including Billboard, The Hollywood Reporter and Adweek, is on the block again. Can a private-equity group including the publisher of The Hill newspaper and News Corp. Full Article at Silicon Alley Insider

The titles have long been an awkward fit at Nielsen, whose core business is media measurement and market data, but now they have a serious suitor in James Finkelstein, CEO of News Communications, which publishes The Hill and Who's Who. Full Article at Advertising Age

On the heels of WaxWord's reports that Jimmy Finkelstein's News Communications Inc would be buying The Hollywood Reporter and numerous other entertainment titles from Nielsen Business Media , comes the news that a number of other buyers are involved in... Full Article at The Wrap

FUNDING for a $132 million legal claim against One.Tel backers James Packer and Lachlan Murdoch over a withdrawn rights issue is "95 per cent of the way there", the company's liquidator says. Full Article at The Daily Telegraph

THE One.Tel decision may be an unwanted distraction for Lachlan Murdoch but the News Corporation director continues to get on with the business of kicking the tyres of Australian media companies. Full Article at The Australian