Media magnate Packer dies

Kerry Packer

Australian media magnate Kerry Packer has died.

Packer, 68, was Australia's richest man and chairman of Publishing and Broadcasting Limited.

His death was announced on the Nine television network, which is owned by BPL.

The TV station quoted a statement from Mr Packer's family as saying "Mrs Kerry Packer and her children James and Gretel sadly report the passing last evening of her husband and their father Kerry. He died peacefully at home with his family at his bedside."