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Kerry Francis Bullmore Packer, was an Australian media tycoon. The Packer family company owned a controlling interest in both the Nine television network and leading Australian publishing company Australian Consolidated Press, which were later merged to form Publishing and Broadcasting Limited (PBL). Outside Australia, Packer was best known for founding World Series Cricket. At the time of his death, Packer was the richest and one of the most influential men in Australia. In 2004, Business Review Weekly magazine estimated Packer's net worth at A$6.5 billion. Kerry Packer was considered one of Australia's most powerful media proprietors.