No? Despite the proven business experience which contrasts pretty strongly with Fairfax's stuffup?
What do you think is in fact what Fairfax needs to lift it out of the mire?
.
They're going to start charging for online news access
Senator Conroy stopped short of flagging further media laws, but noted the Finkelstein and Convergence reviews into the media had considered media standards and new media ownership models.
The government is yet to announce its response to either review.
Senator Conroy said Ms Rinehart wanted to turn the company into the "mining gazette".
"She is entitled to representation but what she is not entitled to do is trash the brand for all the other shareholders," he told ABC radio.
"She should be aware that that charter is something that readership of The Age, the Sydney Morning Herald, believe in and have supported over many, many years.
"If she was to directly interfere and breach that charter, it would actually lead to a crisis of confidence among the readership, and if the readership deserted, the share price for every shareholder would decline.
So what names can you come up with who can offer expertise in digital media with the level of business nous and success that Ms Rinehart can claim?Someone with experience in digitial media and how to monetise it. Until recently FXJ was a place for ageing directors to go and retire. Obviously Gina doesn't fit that mold, but at the same time what does she know about running a media company in the 21st century?
I'm surprised you haven't picked up on the fact that she's most likely sitting on a massive capital loss in her Fairfax Holding as it stands.At least she knows how to make money work for her, something that has apparently thus far escaped the Fairfax board.
There are lots of listed online businesses on the ASX that have been successful in the last decade, all of them obviously had to monetise web traffic. Digital media, sure try: SEK, CRZ, REA for starters. Hasn't REA's share price grown at an average of 59% for the last decade or something similar since the lows of 2003?So what names can you come up with who can offer expertise in digital media with the level of business nous and success that Ms Rinehart can claim?
It's your assumption that I'm not aware of a capital loss at this stage which is a bit silly. Of course I'm aware of that.I'm surprised you haven't picked up on the fact that she's most likely sitting on a massive capital loss in her Fairfax Holding as it stands.
What makes me think she's more capable than most people of this is the way she has so enhanced her inheritance. The woman has a long history of being successful in business. If you don't think business skills are at least partly generic, I don't suppose I can explain it to you.What makes you think that the skills used in navigating the biggest mining boom in Australia's history is going to help her navigate the biggest media headwinds that the industry has ever seen?
Look, this thread is all about inbuilt bias one way or the other.
If you and others dislike Ms Rinehart and don't want to see her extend her influence into diverse parts of the Australian business landscape, you will doubtless find heaps of 'reasons' to object to her.
Never fear luvvies, the balanced David Marr has taken up the baton, the editorial stance will be protected from the satanic influence of industrialists like the RinehartRinehartRinehart.http://blogs.news.com.au/dailytelegraph/timblair/
And from the accompanying article:
Fairfax Media’s Australian metropolitan print business, including flagship mastheads The Age and The Sydney Morning Herald, is worthless despite a dramatic restructuring, in the eyes of Deutsche Bank analyst Andrew Anagnostellis.
“Our unchanged 67 cents a share price target is based on our forecast FY13 sum-of-the-parts valuation which incorporates a nil value for the metro print business,” Mr. Anagnostellis said in a note to clients in the wake of Fairfax’s announcement it would launch a three year restructuring initiative.
There's no doubt, in my mind at least, that newspapers will probably be gone within the next 10 years.
It's amazing to me the similarities between newspaper co's and record companies. Both old, slow, monoliths that would rather try to litigate, complain and sack thier way out of any trouble, which obviously doesnt work. Rather than try and develop new opportunities.
Talk about living in the past
EMMA ALBERICI: Gentlemen, thank you very much for joining us, tonight.
If I can start with you, Eric Beecher, because it's now legend that eight years ago the then-chairman of Fairfax, Dean Wills, asked you to provide an analysis of the future of the broadsheets The Age and the Sydney Morning Herald.
What was the prognosis, if you like, that you came up with?
ERIC BEECHER, PUBLISHER, CRIKEY: I came up with what I described as a "potential catastrophe scenario" for Fairfax, which involved them losing 30 or 40 per cent of their classified advertising over the next five years.
I argued to them that if they felt there was a 10 or 15 per cent chance of that scenario occurring, they needed to take out some insurance against that. As it turned out, my scenario was undercooked by probably half, it was twice as bad, but they did nothing.
EMMA ALBERICI: When you suggested some kind of insurance, in your words, what did you mean by that?
ERIC BEECHER: I wanted to get the discussion going with them, inside their boardroom, to look at some overlapping strategies. But mainly I just wanted them to realise that there was a fire in the cinema and that they had to do something to put it out.
EMMA ALBERICI: How was that report that you took something like two months to prepare, how was it received within the boardroom?
ERIC BEECHER: As I wrote in my piece in Crikey today, it was received fairly blandly by most people, but one of the board directors was very agitated about it in the boardroom at the time and stood up, after I had finished speaking, and he picked up a copy, a fat copy of the Saturday Sydney Morning Herald that was on the table, and held it up in front of the boardroom and said to them, "I don't ever want anyone coming into this boardroom again, telling us that people will buy cars or look for jobs without this," and he thumped it down to the table. That person was Roger Corbett, who was then a director and is now the chairman.
Maybe refer this to Joe. I have repeatedly had the same problem and it's annoying.ETA: Is there a word/character limit on posts? I had a few quotes to put in there but it kept "reseting the connection" until I trimmed it
I will ignore the parts of your post that are under what I have quoted, because it is full of strawman / ad hominem fallacies.What makes me think she's more capable than most people of this is the way she has so enhanced her inheritance. The woman has a long history of being successful in business. If you don't think business skills are at least partly generic, I don't suppose I can explain it to you.
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