I disagree with your statement about James Packer. He is purely not interested in management control of PBL Media. He still owns 25%.
Secondly, his gaming assets are up the shit. Look no further than the biggest and best: MGM, Las Vegas Sands & Wynn Resorts.
Stokes is a pure media man. Partnering up with KKR (a ruthless outfit in good times, let alone bad) is smart and bold. I just love the $1.1bn in cash!