The Packer media empire was known for its conservative leanings, and was a strong backer of long-serving Prime Minister Robert Menzies.

In 1992, journalist Max Walsh told the House of Representatives Select Committee on the Print Media that Frank Packer had exerted undue newsroom influence.

[5] On 1 May 1974, Packer died of heart failure at The Royal Prince Alfred Hospital, Camperdown of "Pneumonia and reticulum cell sarcoma".

His estate was valued for probate in 1975 at $2,393,703.11 which, adjusted for inflation, would account to $23,232,745.54 in 2023. Notable items declared in his estate, were paintings and sketches from some of Australia's most renowned artists, located at the family home, 'Cairnton' at Bellevue Hill was: Penleigh Boyd: Rupert Bunny: Sir William Dobell: Sir Russell Drysdale: Robin Hill: John Perceval: Albert Tucker: Frank Packer was appointed a Commander of the Order of the British Empire (CBE) in the King's Birthday Honours of 1951.

[7] In the New Year's Honours of 1971 Sir Frank Packer was promoted within the Order of the British Empire to Knight Commander (KBE), for services to Australian and international yachting.

In the 1984 television miniseries Bodyline, Packer, as employer of Donald Bradman, released him from a writing contract so he could play in the 1932–1933 Ashes; he was portrayed by Brian McDermott.

In the 2007 television biopic The King about comedian Graham Kennedy, Packer was portrayed by Australian actor Leo Taylor.