Publishing and Broadcasting Limited was formed in 1994, from the merger of The Nine Network Australia and Australian Consolidated Press.

In 2004, PBL purchased the Burswood Casino in Perth, and a 50% stake in Hoyts Cinemas, along with West Australian Newspapers.

On 18 October 2006, James Packer announced the sell-off of 50% of PBL's media interests for A$4.5 billion to focus on its gambling business.

Crown Las Vegas was originally proposed to rise 1,888 feet (575 m) by Christopher Milam, a building developer from Texas.

According to KLAS-TV in Las Vegas,[6] the Federal Aviation Administration (FAA) was concerned with the proposed height, due to the tower's proximity to McCarran International Airport and Nellis Air Force Base.

In November 2006, the FAA issued a "notice of presumed hazard" because the tower's location is 2.5 miles (4.0 km) north of McCarran Airport's runways.

In March 2011, Crown chairman James Packer announced the project was cancelled and the site put up for sale.

PBL, now a stub, was renamed Consolidated Media Holdings, a company ultimately acquired by News Limited in 2012.