Kerry Packer

Kerry Packer was born on 17 December 1937 in Sydney, Australia. His father was Sir Frank Packer, an Australian media proprietor who controlled Australian Consolidated Press and the Nine Network. His mother, Gretel Bullmore, was the daughter of Herbert Bullmore, the Scottish rugby union player. He had an older brother, Clyde Packer. He took part in various sports at school, including boxing, cricket, and rugby; though he struggled academically, possibly due to undiagnosed dyslexia. On his father's death in 1974, the family estate, valued at $100 million, passed directly to Packer. His father had fallen out with his elder son, Clyde, in 1972.

Packer, through his family company Consolidated Press Holdings, was the major shareholder with a 37% holding in Publishing and Broadcasting Limited (PBL). Until Packer's death PBL owned the Nine television network, and Australian Consolidated Press which produces many of Australia's top-selling magazines. He was involved in a number of other gambling and tourism ventures, notably Crown Casino in Melbourne. The Nine Network and Australian Consolidated Press businesses have since been divested to PBL Media.

Packer was widely respected in business circles, courted by politicians on both sides, and was widely regarded as one of the most astute businessmen of his time, despite having been a poor student.

Despite Packer's reputation as a good businessman and his profitable investments, he was not a self-made man—his grandfather, Robert Clyde Packer, and his father, Sir Frank Packer, had built up the media empire and its related holdings over many decades. As noted by internet news outlet Crikey, had Packer's $100 million inheritance had been invested in the Australian sharemarket in September 1974 through a balanced portfolio of the top 200 companies, that portfolio would be worth significantly above $6.9 billion in December 2005, possibly as much as $11 billion.

Packer controlled Nine Network and Nine's Wide World of Sports in the 1980s, and "famously sold the network to Alan Bond and then bought it back three years later for less than a quarter of the price." Writes the Sydney Morning Herald, "Packer's decision to sell Nine to Bond in 1987 for $1.2 billion - before buying back the network in 1990 for $250 million - is legendary in Australian television."

Moreover, Packer was not the first choice to take over the running of the family's business empire—his father had intended that Kerry's elder brother, Clyde Packer, would take over the company, but Clyde fell out with his father in the early 1970s and left Australia permanently.

Kerry Packer's independent business life began after his father's death in 1974 when he inherited control of the family's controlling share in PBL, valued at A$100 million. Further, his principal Australian investments in television and casinos were highly protected from competition by government regulation which Packer and his employees worked very hard to have maintained.

The Packer family's business reputation suffered a blow following the 2001 collapse of One.Tel, a telephone company in which his son, James, had invested.

Kerry Packer was also one of Australia's largest landholders. In 2003, a deposit of rubies was discovered on one of his properties.

The Packer media empire included magazines, television networks, telecommunications, petrochemicals, heavy engineering, a 75% stake in the Perisher Blue ski resort, diamond exploration, coal mines and property, a share in the Foxtel cable TV network, and investments in the lucrative casino business in Australia and overseas.

Commonwealth Broadcasting Corporation

During the 1980s, Packer owned radio stations 2UE and 3AK. He decided to link both stations to form the ill-fated Commonwealth Broadcasting Corporation. With both stations networked, breakfast came from Melbourne's 3AK and everything else from Sydney's 2UE. The format lasted six months in 1986.

Packer's primary schooling suffered greatly when he was struck with a severe bout of poliomyelitis at age eight, and he was confined to an iron lung for nine months. His father apparently thought little of his son's abilities, once cruelly describing him as "the family idiot", although Kerry subsequently steered PBL to heights far beyond anything his father or brother achieved. The nickname his father gave Kerry made him strive to new heights in schooling, trying to achieve "A" grades. His end of year report said he was one of the most notable students. In an interview, former employee Trevor Sykes stated that "He didn't read much on the printed page. If you didn't want Kerry to read something, you wrote more than a one-page memo."

Packer's grandfather Herbert Bullmore represented the Scotland national rugby union team in an international match against Ireland in Dublin in 1902 and worked as a doctor in Sydney for many years.

Kerry Packer and his wife of 42 years, Roslyn Packer (nee Weedon), had two children: a daughter, Gretel, and a son, James. At the time of Packer's death, he and Ros had two grandchildren: Francesca then 10, and Ben, then 7, from Gretel's first marriage to British financier Nick Barham, and Gretel and her husband Shane Murray were expecting their first child together, William (born 2006). Gretel and Shane married just before Packer's death.

Packer conducted extra-marital affairs with a number of women including the model Carol Lopes, who reportedly committed suicide after being shunned by Packer; publisher and former ConPress employee Ita Buttrose and Julie Trethowan, his long-time mistress and manager (from 1983) of the Packer-owned Sydney city health and fitness club, the Hyde Park Club. After his death, The Sydney Morning Herald reported that from about 1995, Packer transferred control of multimillion-dollar Sydney real estate holdings to Trethowan.

In June 2009, the Sydney Morning Herald reported that former federal opposition leader and future Australian Prime Minister, Malcolm Turnbull, a former legal adviser and business associate of Packer, revealed to journalist Annabel Crabb that Packer had threatened to have him killed when they fell out over their 1991 attempt to take over the Fairfax newspaper group through their Tourang consortium. Packer reportedly made the threat after Turnbull told Packer he was going to have him thrown out of the consortium by revealing Packer's intention to play an interventionist role in the newspaper group.

He told me he'd kill me, yeah. I didn't think he was completely serious, but I didn't think he was entirely joking either. Look, he could be pretty scary. He did threaten to kill me and I said to him: "Well, you'd better make sure that your assassin gets me first because, if he misses, you better know I won't miss you." He could be a complete pig, you know. He could charm the birds out of the trees, but he could be a brute.

Packer was a supporter of South Sydney Rabbitohs in the National Rugby League competition.

He was an advocate of the Australian Republic Movement.

The Kerry Packer Civic Gallery within the Bob Hawke Prime Ministerial Centre of the University of South Australia was endowed by the Packer family.

Government inquiry and legal challenges

Packer faced a 1991 Australian government inquiry into the print media industry with some reluctance, but great humour. When asked to state his full name and the capacity in which he appeared, he replied: "Kerry Francis Bullmore Packer. I appear here this afternoon reluctantly." Packer fronted the inquiry over allegations that he had some secret control over the content of the Fairfax papers (an organisation that Packer had wished to purchase for some time, but was restricted from by cross-ownership laws). During the inquiry, he repeatedly berated the politicians conducting it, and the government. When asked about his company's tax-minimisation schemes, he replied: "Of course I am minimising my tax. And if anybody in this country doesn't minimise their tax, they want their heads read, because as a government, I can tell you you're not spending it that well that we should be donating extra!"

At the time of his death, the Nine Network was the jewel in the PBL crown. Although it had a tough year in 2005 against rival Seven Network (which was aided largely by US TV hits such as Desperate Housewives and Lost), Nine still finished the year as the number-one network.

Packer was often the centre of controversy. One of the earliest incidents occurred on 7 June 1960, when his father was trying to take over the Anglican Press, a small publisher run by Francis James. According to author Richard Neville, Frank Packer was angered by James's refusal to sell the Anglican Press, so he sent Kerry and some burly friends to pressure him into selling. They forced their way in and reportedly began vandalising the premises, but James was able to barricade himself in his office and call Rupert Murdoch, Packer's most powerful rival. Murdoch quickly dispatched his own team of 'heavies', who threw Kerry and friends out. Not surprisingly, the Murdoch press had a field day with the news that the son of Australia's biggest media tycoon had been caught brawling in the street.

Like Murdoch, Packer's critics saw his ever-expanding cross-media holdings as a potential threat to media diversity and freedom of speech. He also repeatedly came under fire for his companies' alleged involvement in tax evasion schemes and for the extremely low amounts of company tax that his corporations are reported to have paid over the years. He fought repeated battles with the Australian Taxation Office over his corporate taxes.

His most severe legal challenge came in 1984 with the Costigan Commission alleging (using the codename of "the squirrel", renamed "the Goanna" in media reports) that he was involved in tax evasion and organised crime, including drug trafficking. He successfully counter-attacked the commission with the assistance of his counsel Malcolm Turnbull. In 1987, the charges were formally dismissed by Attorney-General Lionel Bowen. Mystery surrounded Packer's receipt of a "loan" of A$225,000 in cash from Brian Ray, a bankrupt Queensland businessman. When questioned about this transaction at the Costigan Royal Commission, Packer said "...I like cash. I have a squirrel mentality. I like to keep money in cash. It is by no means the most cash I ever had in my life."

Notwithstanding the significant efforts made to preserve his security and privacy, Packer suffered two mysterious break-ins at his companies' headquarters in Park Street, Sydney:

In 1995, 25 gold bars, weighing a total of 285 kilograms (628 lb)—equivalent to A$23.3 million at 2022 gold prices—and a Vegemite jar full of gold nuggets were stolen from Packer's personal safe;

In 2003, a licensed Glock 9-millimetre (0.35 in) semi-automatic pistol was stolen from a desk drawer on the executive level. Packer was not charged with failing to "keep safe" the weapon, but he did subsequently surrender his firearms licence.

Packer broke the sports boycott of apartheid South Africa which prevented South African sportsmen from representing their country when he recruited a number of South African cricketers to play on his World Series Cricket Team. His timing was criticised, coming just months after the Soweto riots and the death of Steve Biko, murdered by the members of the South African security forces.