News Corp’s vanity Australian newspaper has revealed exactly how much money it loses every year. It’s not as much as Paul Barry had said on Media Watch, but the numbers are still staggering. Plus other media tidbits of the day.
Still big losses at the Oz. Last year The Australian lost, on average, $96,153 an issue. In a staggering admission to Media Watch, editor-in-chief Chris Mitchell has revealed the size of his paper’s losses. According to an email Mitchell sent Media Watch host Paul Barry, the Oz is on track to lose $15 million this financial year. Given earlier admissions