Could you imagine the world operating on News Corporations business model. Murdoch’s press owns 66% of the Main Stream Press on the East Coast of Australia. Which I might add all run at a financial loss. Murdoch doesn’t care he simply keeps them to garner political favour and influence in this country. His profits come from Foxtel and the pay to air TV cable channels he controls.
However his long term ambition is to change the media laws of the country to gain an even bigger concentration of media across all formats at the expense of any competition in particular government funded but independent public media the ABC. The ABC is the most trusted news and information source in the country with 85% citizen support. Should that happen the nature of how Australians get news and information will be changed forever as will the political landscape of Australia. The business, wealth, media and political class the 1% will have a fiefdom of their own.
Murdoch’s influence in the Anglosphere US,UK,and AUS is just far too much and dangerous particularly given the degree of non news he puts out
olddogthoughts 