Consolidated Media Holdings (CMH) was an Australia investment company focused on subscription television.
CMH had a 50 per cent shareholding in Fox Sports, Speed, Fox Footy, Fox Sports News and Fuel TV), with the other 50 per cent held by News Corp. CMH previously held a 50% interest in PBL Media, with assets including the Nine Network, NBN Television, Sky News Australia, Australian Consolidated Press, NineMSN, Carsales, Ticketek and the Sydney Super Dome.
This was followed in December 2008 with CVC injecting over $300 million into PBL Media, which resulted in CMH's shareholding being diluted to less than 1% of the company.
On 16 December 2008, PBL Media issued a press release stating that the company's majority shareholder, CVC Asia Pacific, had refinanced debt facilities as well as injecting in excess of $300 million.
[4] The News Corporation takeover was approved by both the shareholders and the Federal Court, taking effect on 2 November 2012 and this ended the Packer family control of any large media company.