Ha, ha, ha, ROFL.
Wayne Swan says Gina Rinehart’s interest in Fairfax is a threat to democracy. No Wayne, that would be a minority government that introduces destructive legislation it promised it would not introduce, then spends millions on bribes to retain power.
Communications Minister Stephen Conroy (who?) says Gina Rinehart is not entitled to trash the Fairfax brand for other shareholders. No Stephen, she doesn’t need to. The crony crowd of Karl worshiping clod-hoppers who call themselves Fairfax journalists have been doing that for years.
Meanwhile, back at boring central, David Marr, who seems to find it difficult to think rationally at any time, offers the following brilliantly irrational analysis:
The charter which gives journalists complete control over the Fairfax product “Has protected the assets of Fairfax. It has protected the readers, it’s protected the community and it’s also protected the journalists and that is now what is under direct challenge by Mrs Rinehart.”
He may have a point about the readers, if he means they have been protected from ever having to read an opinion that might cause them to rethink their own.
But “has protected the assets of Fairfax”? Only if protecting means acting in such a way that the share price has fallen to about ten per cent of what it was five years ago, and two state of the art print plants must be sold off to keep the company going.
“Protected the journalists”? Really? Almost all daily papers have seen declining circulations over the last ten years. But Fairfax papers are right at the bottom of the pile. They offer a product few people want. That does not lead to a secure work environment for journalists.
If you grow pink mushrooms, and they sold well for while but now they don’t, you can’t just sit around whining about it and demanding the government support your right to keep growing pink mushrooms. Grow something else, something people want. It’s the same with newspapers. You do not have the right to keep producing a product nobody wants. Well, you do, you just don’t have the right to demand people pay for it.
Journalists, readers and public will all be better served (and protected, whatever that means) by a Fairfax press with a sound business model, and a board that encourages, no, demands, the production of news and information services that offer Australian consumers worthwhile products at a reasonable price.
But hey, let the Fairfax journos go on strike with the printers. No papers is a great way to undermine the share price even further, and maybe some Age readers will pick up another paper by mistake and discover what they have been missing.