Neil Chenoweth

Talk about unfortunate timing. On 10 December 2012, the New Yorker ran a lengthy profile on Elisabeth Murdoch, the older sister of Lachlan and James. Elisabeth, forty-four, lives in Britain, where – while her siblings have been marked down for everything from, in Lachlan’s case, One.Tel to Ten Network and, in James’s case, MySpace and phone hacking – she has quietly built a reputation as a savvy television producer and businesswoman. The profile is a public relations hosanna – unsurprising given that Elisabeth’s husband, Sigmund Freud’s great-grandson Matthew Freud, is a flack with his own PR firm – with the title declaring its subject to be, in capital letters, THE HEIRESS. The subheading simply states: ‘The rise of Elisabeth Murdoch.’

One of the three central protagonists of Neil Chenoweth’s book, Graham Richardson, famously titled his autobiography Whatever It Takes (1994). Despite the title’s hints at candour, Richardson’s book eluded all but the most passing references to Kerry Packer. As Chenoweth points out in his alarming new book, this, from the man John Button had dubbed the Minister for Kerry Packer, represented storytelling at its most elliptical. More than Richardson’s book, Chenoweth presents the tale of Whatever it Took. It is not an edifying spectacle.

In the last week of June, after a period in the doldrums, the News Corporation share price suddenly took wing again. Buyers piled in. A lazy few hundred million dollars were added to the company’s value. The basis of the revaluation? Apparently, Rupert Murdoch himself had descended from Olympus to participate in a presentation to sharebrokers in Sydney. Enraptured at this visitation, analysts had upped their profit projections for News.