Vlad n U 2
Blue Crack Addict
- Joined
- Jul 6, 2008
- Messages
- 28,386
Gina Rinehart is believed to have asked for three board seats
Is that because she couldn't fit into one?
/tastelessfatjoke
Gina Rinehart is believed to have asked for three board seats
The first objective of any media company is to earn a profit, or have a patron who will tolerate losses. All the other objectives, promoting democracy, providing alternate voices, enhancing civilisation, whatever, are subsidiary to the first objective. Right now Fairfax can’t earn a profit and doesn’t have a patron.
Specifically it has been reported that Gina Rinehart has refused to guarantee “editorial independence” at Fairfax. Who can blame her? It isn’t like that “editorial independence” has produced an excellent product commanding a price premium. Fairfax needs to be restructured beyond simply changing the size of the paper. One of the benefits of a takeover is that inefficient and ineffective work practices get abolished.
But some might argue that Gina Rinehart will use Fairfax to push her own views and agenda – as opposed to the current editorial stance. How much of a problem is this really? It doesn’t matter who owns the media – if they cannot attract other paying customers the media patron will lose money and eventually will sell out or shut down.
Axver said:(I will actually buy a beer for anybody who gets the "Melbourne Daily Times" reference.)
The first objective of any media company is to earn a profit
Axver said:Earthquake registering 5.2 on Richter scale hits Melbourne as Gina Rinehart makes a move onto the Fairfax board.
To draw your primary sense of self worth from the country you were born in or your racial background is, by definition, the height of idiocy. Think about it: It is the one single element over which you had absolutely no say. It is the one thing that you played absolutely no role in achieving. To be more proud of that than anything else is, frankly, rather pathetic.
And then I read this - “Please God. Please make it stop.” | natasha smith
very. fucking. depressed right now.