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The $10m deal Lachlan Murdoch made that is helping keep News Corp afloat

Rupert Murdoch with his sons Lachlan (left) and James.

News Corp reported a $US219 million loss for the December quarter - thanks largely to $US537 million worth of writedowns on its Australian assets - but Rupert Murdoch might be wiping his brow and thanking his son Lachlan - his fellow co chairman at News Corp - for a deal 17 years ago that is helping to keep the company afloat.

No one spared in Surfstitch wipeout

Illustration: John Shakespeare.

Surfstitch investors were calling for accountability at its recent AGM after suffering one of the worst IPO wipe outs of the decade - and boy have they got it.

Aussie tech guru joining Schumacher's Swiss team

Michael Schumacher is still recovering at his home near Lake Geneva from a skiing accident in 2013.

Aussie tech guru Alex Hartman has quickly found his feet after walking away from the digital media company he founded, NewZulu. He is now working for the private office of Formula 1 legend Michael Schumacher.

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