Rupert Murdoch's daughter Elisabeth, in the news recently for snapping up Ben Silverman's Reveille for $125 million, has a new headline to make: She's throwing a fundraiser, with other star wattage like Gwyneth Paltrow, for Barack Obama. In London. [The Caucus]

That Elisabeth Murdoch is the daughter of Rupert, received $100 million in News Corp. stock from a family trust, counts Sony as a an investor, can call up her daddy in the middle of the night and ask him to buy a TV show franchise, is married to PR maestro Matthew Freud, and went to Vassar … makes her a media darling. She is also, by some estimation, and entrepreneur, an industry manifest where relationships matter, like the one with Ben Silverman she leveraged into a $125 million buyout of his Reveille production company.

All of this you knew.

About the only surprising thing you'll find out reading her Times profile – that is if you haven't already met her – is that she does not speak with an Australian accent; she speaks American-ese.

Ugly Betty and The Office production house Reveille was unloaded by its owner, and NBC's programming co-chief, Ben Silverman, to none other than a Murdoch. Rupert's daughter Elisabeth paid a $125 million tab for the privilege, taking controlling of one NBC's most formidable programming vehicles. Just as daddy would've wanted. [LAT]

In Ben Silverman's world, the phrase "conflicts of interest" only applies when he's on the prowl with sidekick B.J. Novak and they both happen to be interested in the same lady friend. The rest of the media world, of course, considers Ben's gig as co-chair of NBC programming and his ownership of the independent production outfit Reveille – which, with ABC's Ugly Betty and F/X's 30 Days, program-rolls NBC's competition – a conflict of interest. So be it!

But now Silverman can use all that complaining as Topic A in selling Reveille — for a cool $200 million. Who's the buyer? The Shine Group, run by a one Elisabeth Murdoch. Her name sound familiar? Perhaps it's because she's the daughter of Rupert Murdoch, who, some might say, is also the competition.

[Image: Esquire]