Tag: Financial Report

Global wealth report confirms Coalition incompetence right to the end

It’s a pity these Reports are never in Real Time

The steady decay in Australia’s wealth generation capacity continued throughout the Liberal National period, as Alan Austin reports.

THE THREE COUNTRIES which lost the most wealth per person through 2022 were Sweden, New Zealand and Australia. That’s according to the 2023 global wealth report released last week by the research division of the Swiss-based financial giant, Credit Suisse.

Source: Global wealth report confirms Coalition incompetence right to the end

A Noisy Stub: Rupert Murdoch’s Australian news assets valued at zip

A Noisy Stub: Rupert Murdoch’s Australian news assets valued at zip

Rupert Murdoch’s News Corp is shrinking – Facebook is now 60 times the size – yet its political clout still has Australia’s politicians entranced. When will its hold over politicians fade?

 

News Corp is just not that big any more. Google is worth $US946 billion on the sharemarket and Apple $US1.3 trillion while the American media mogul Rupert Murdoch presides over an empire in decay. News is valued by the sharemarket at a piddling $9.5 billion.

We say piddling with tongue firmly planted in cheek. It is still enormous but it is shrinking. Having just posted a billion-dollar loss for the March quarter, News and its rival Nine continue to flog assets to raise cash.

A Noisy Stub: Rupert Murdoch’s Australian news assets valued at zip

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