ディベート
add a link
Murdoch deliberately runs TV station into the ground to force change in Aus media laws
Murdoch deliberately runs TV station into the ground to force change in Aus media laws
|
|||||||
|
提出されました
によって 
ThePrincesTale
１年以上前
|
|
I remember visiting this website once...
It was called Murdoch fingerprints all over Ten's body
Here's some stuff I remembered seeing:
Skip to navigation Skip to content Skip to footer View text version of this page Help using this website - Accessibility statement
Ten Network Holdings isn\'t dead yet, but it\'s on life support with administrators appointed. Should an autopsy be conducted, Murdoch fingerprints and DNA will be found all over the body.
Broadcaster Ten has gone into voluntary administration one day after it halted trading shares on the ASX.
The stand out listings traded on the ASX captured at key moments through the day, as indicated by the time stamp in the video.
Inside the Liddell Power Station in Muswellbrook, New South Wales.
Toy store chain Toys \'R\' Us has filed for bankruptcy protection in the US and Canada.
Ten Network creditors have voted in favour of US broadcaster CBS\' takeover of the struggling network.
One of Australia\'s most prominent businessmen has come under fire after comparing heterosexual and same-sex marriage to \'a black man and a white man\'.
The Florida nun who used a chainsaw while dressed in her full habit to help cleanup following Hurricane Irma, says she had to Google how to start the chainsaw.
We ask the RBA if the security features of the new $10 note will pose problems to vending machines like the $5 note did.
It\'s not in the Murdochs\' interest to actually kill Ten: It\'s best kept alive as a rich source of income for various arms of their empire, plus the potential of harvesting body parts if/when federal parliament is bent to the industry\'s will by removing the remaining restraints on cross-media ownership and audience reach.
The odd quartet of billionaires – James Packer, Lachlan Murdoch, Bruce Gordon and Gina Rinehart - who took control of the broadcaster have overseen a monumental reduction of value and the loss of hundreds of jobs with more to go. They\'ve blown hundreds of millions of their own dollars, but it\'s been at their own hand and, hey, they can afford it.
The Murdochs\' 21st Century Fox has one of the two major and expensive foreign content contracts that have been hurting Ten.
Largely overlooked in the rolling disaster have been the 17,000 small shareholders who have suffered from a compromised governance structure and a heavily conflicted board.
While the Murdoch empire is likely to continue to do nicely out of Ten, the Australian Shareholders Association warned that retail shareholders face the prospect of losing all their money if administrators were appointed.
ASA CEO Judith Fox wanted independent directors added to the board as a matter of urgency.
Get the latest news and updates emailed straight to your inbox.
By submitting your email you are agreeing to Fairfax Media\'s terms and conditions and privacy policy .
"Given the substantial conflicts of interest and potential related party transactions at play, ASA believes Ten needs to immediately move to a conventional board with a majority of independent directors," Ms Fox said in a statement on Tuesday.
Ten\'s reality shows including MasterChef are supplied by Endemol Shine, which is half-owned by the Murdochs\' 21st Century Fox.
"For that to happen, Ten needs to quickly add two new independent directors so the independents have a majority and can out-vote all of the conflicted directors if necessary to ensure the interests of minority shareholders are protected and conflicts of interest are appropriately managed."
Ms Fox believed the board should not rush into administration but instead remain suspended from trading while renegotiating contracts, exploring other funding options and, potentially, benefiting from the government\'s proposed licence fee cut and ownership regulation changes.
The ASA expressed "surprise" that the prospect of administrators was being canvassed when the crucial $200 million CBA loan facility guaranteed by Murdoch, Packer and Gordon was only drawn to $66 million and had six months to run.
Purely as a matter of my opinion, the Ten dramatics will add to the industry campaign to have the Senate agree to the government\'s media ownership changes.
Also as a matter of opinion, it would be a little rich if the end result of the years of troubles on the billionaires\' watch result in Ten dropping into the Murdoch family\'s lap after the crucial three-year period when Lachlan Murdoch was either CEO or chairman.
Ten has been a steady source of income for the Murdoch empire.
Lachlan Murdoch owns 7.5 per cent of Ten. Foxtel – controlled and half owned by the Murdochs\' News Corporation – owns nearly 14 per cent.
But that\'s only the loss-making equity fingerprints. The more valuable DNA is in the increasingly entwined contracts.
The Murdochs\' 21st Century Fox has one of the two major and expensive foreign content contracts that have been hurting Ten.
Ten\'s raft of reality shows – The Biggest Loser, MasterChef, The Bachelor et al – are supplied by Endemol Shine, which is half-owned by Murdochs\' Fox.
Hamish McLennan, a Murdoch executive and the fourth of the five CEOs since the billionaires took over, oversaw Foxtel buying into Ten and Foxtel\'s MCN taking over Ten\'s advertising sales.
And then there\'s the Murdoch-owned Fox Sports which provides most of Ten\'s sports coverage. (One of the early changes under Lachlan Murdoch in 2011 was to change Ten\'s digital channel, One, from sports to general programming. That effectively reduced competition for Foxtel\'s Fox Sports channels.)
So while Lachlan Murdoch may have done his equity dough (or could yet swap debt for equity to take greater ownership, the Senate permitting), the Murdoch empire has done and continues to do nicely out of Ten through 21st Century Fox, Endemol Shine, MCN and Fox Sports.
Now there\'s plenty of speculation about the end game being the collapse of Ten into Foxtel, starting with the merging of Sky News and Ten\'s newsroom.
If it comes to that, it will have been quite a ride downhill. As Glenn Dyer, long-time commentator on media machinations, has observed:
"If Ten goes into administration, there is only one buyer - News Corp - but only if the Federal Government\'s media law changes are passed by parliament, especially the Senate."
Dyer says Lachlan Murdoch, Packer and Rinehart paid $430 million for a combined holding that was worth little more than $16 million at Friday\'s close, the shares down to 16 cents each.
Bruce Gordon was already a shareholder when the trio bought in and continued to double-down as Ten\'s shares fell, taking his stake to 15 per cent and making him by far the biggest loser. No, not on the TV show, on the Ten share register.
All commercial television networks have been facing challenges from new media, but it has taken particularly bad management and poor governance to place Ten in the intensive care unit.
Teen who lost job over \'No\' vote has grounds for legal discrimination claim
Apartment boom no threat to Sydney property prices: RBA official
Stayin\' alive, and ugly: Crocs\' billion-dollar comeback
Pumped up: many storage sites could eclipse Snowy 2.0
Virgin chief\'s pay takes off after getting cash under control
Ten employees really, really didn\'t want Lachlan back
Toys \'R\' Us files for bankruptcy; business as usual in Australian stores
Tabcorp, Tatts merger derailed in Federal Court
Woolworths snares prime site on Pitt Street Mall
Coles case has made fast food pay deals \'unworkable\'
Canberra party entertainer \'let go\' for same-sex marriage view hits back
NSW could record its first 40-degree September day this weekend
Tony Abbott threatens to cross the floor on energy policy
Trump says US may have to \'totally destroy\' North Korea
New mum struck down by flu, fights for life, unaware she\'s given birth
Traders look to exit Bourke Street Mall
More same-sex marriage surveys found dumped
The \'bleeding heart\' lawyer who opposes same-sex marriage
Brisbane expected to nudge warmest September day in decade on weekend
Queensland woman killed in Bali scooter crash
Safe Schools letter condemned by Canberra parent groups
Canberra property prices continue to surge in June
ACT nail salons on notice for blood stains, cockroaches
Residents angry after council rips up turf and paving to plant trees
Indonesia raises Bali volcano alert on eve of school holidays
Perth businessman who sought girls for sex dodges jail
Perth\'s most crash-prone road four years running
Elderly Perth woman, 83, loses $500k in property scam
Subscribe for unlimited access to news. Login to save articles.
read more
Related Links
| more links >> |
Murdoch had a sizeable share in the Ten Network, one of the five free-to-air broadcasters in the country. Together with some corporate allies, he oversaw a monumental reduction of value and the loss of hundreds of jobs in the company. So basically the channel was made to go down the gutter. He blew millions of his own money, but he can afford it - and it was all for a specific end.
The logic: The channel has been performing so poorly that when it goes bankrupt, there will only be one buyer - News Corp, which is Murdoch's multinational. However, they will only be able to launch a takeover if media diversity are repealed by Parliament. And Parliament will be forced to repeal them in order to save this broadcaster. This leaves the way clear for News Corp to buy up even more of the media landscape than it currently has.
This all eventuated: Channel 10 went into administration. The Parliament repealed the law so that Murdoch could make a takeover bid. Murdoch made such a bid. For a little under a week, no one else made a bid, and all seemed poised for a Murdoch takeover of the very channel he had destroyed.
Then out of nowhere, CBS bid for it. This was highly unexpected by everyone, and especially by Murdoch himself. Yesterday, Network Ten employees overwhelmingly voted in favour of accepting the CBS offer over the Murdoch offer (understandably, given that the latter deliberately destroyed their company). Well Murdoch's not happy at all - he has upped his bid by millions of dollars, and it currently dragging the matter through the courts in an attempt to block the CBS bid.
Never did I think I would be happy about an American conglomerate possibly gaining ownership of an Australian media outlet. But given that the alternative is another American conglomerate that already owns the majority of our media and is known for biased reporting...
Sadly though, it doesn't really matter what happens to Network Ten in the grand scheme of things. Murdoch achieved his ultimate goal: the media diversity law is gone. He can buy up whatever Australian media he wants.
Tl;dr on why Murdoch's an utter plank: *deep breath* So, he helped crash the value of Network Ten over the years with the idea to eventually take it over, he recently got handed $30 million of taxpayer dollars 'for reasons' by the LNP government that he helped get into office, then he got the LNP to push through media laws allowing him the possibility to further monopolise his grip on media ownership in the country, then tried to buy Ten and was smacked down by CBS who offered a better deal, cried to the courts saying its not fair they weren't given the rights after greasing so many pockets, now his group has thrown 20 million extra into their offer which is past the deadline for bidding. *exhale*
ファンポップにサインインまたは登録してコメントを追加する