ENTERTAINMENT

Rumors Surface of Bid for Metro-Goldwyn-Mayer: The Australian Financial Review reported that media magnate Kerry Packer is considering a bid for the ailing studio controlled by Credit Lyonnais Bank. The newspaper reported that Packer and his takeover adviser, David Gonski, “have had extensive discussions with representatives of Credit Lyonnais in the U.S.,” but a Credit Lyonnais spokesman said the bank wouldn’t comment on rumor and speculation. Sources close to both the bank and the studio questioned the accuracy of the report, saying they were unaware of any such talks.