![Rupert Murdoch with his sons Lachlan (left) and James.](/web/20170210030324im_/http://www.canberratimes.com.au/content/dam/images/g/q/3/1/t/t/image.related.wideLandscape.620x349.gu9vsg.png/1486693192105.jpg)
The $10m deal Lachlan Murdoch made that is helping keep News Corp afloat
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.