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Editorial control : Comments
By John Wright, published 22/6/2012Free speech is not a commodity to be traded with corporate control, and shouldn't be traded through Fairfax shares.
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Posted by Shadow Minister, Sunday, 24 June 2012 8:18:03 AM
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1 The sole reason GR has bought into the newspaper is to spruik her right wing ideals
2 A 19% ownership will enable her to do so
3 That a change in 20% of print media (or about 2% of total media) will spell the end for free speech.
GR bought when Fairfax was at its lowest, and now after the restructure announcement, the shares have increased dramatically, She has just made a motza. For all that is said of GR she is not a financial idiot. Having spent in the region of $100m she is not likely to flush it away.
Given its falling market share, perhaps the SMH and the age need a kick up the editorial backside before they fade into obscurity.