Payday for Lachlan Murdoch | radioinfo

Payday for Lachlan Murdoch

Wednesday 16 May, 2018

Nova has reported a fully franked dividend of $32.5m.

Nova Entertainment Radio Investments Pty Ltd has reported a fully franked dividend of $32.5 million for the year ending December 31 2017.

The dividend was paid to owner Lachlan Murdoch's private investment company Illyria.

Nova’s net profit was $29.4 million, up from from $25.4 million last year.

Nova's revenue increased by $8 million to $204.3 million, according to the company accounts submitted to ASIC.

Murdoch bought out DMG Trust's share of the company in 2012 for $100 million.

Rupert Murdoch today named Lachlan as the heir to the family company, News Corp.

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