<PAGE>
Exhibit 99.3
CONSENT OF WASSERSTEIN PERELLA & CO., INC.
We hereby consent to the use of Annex E containing our opinion letter dated
August 13, 2000 to the Special Committee of the Board of Directors of BHC
Communications, Inc., (the "Company") in the Joint Proxy Statement/Prospectus
constituting a part of the Registration Statement on Form F-4 relating to the
proposed combination of the Company and The News Corporation Limited and to the
references to such opinion and our firm in such Joint Proxy
Statement/Prospectus. In giving this consent, we do not admit that we come
within the category of persons whose consent is required under Section 7 of the
Securities Act of 1933, as amended (the "Securities Act"), or the rules and
regulations of the Securities and Exchange Commission promulgated thereunder,
nor do we admit that we are experts with respect to any part of such
Registration Statement within the meaning of the term "experts" as used in the
Securities Act or the rules and regulations promulgated thereunder.
/s/ Wasserstein Perella & Co., Inc.
New York, New York
December 4, 2000
