Rear Window has to offer $100 a day to the best contributor to produce its daily column in the Fin Review these days. Crikey can also do the occasional business gossip column without bribing anyone.
Crikey was sneaking a look at the NSW State Super annual report on a plane recently and noticed that the funds invested by the NSW Government on behalf of public servants are very long News Corp. In fact as at June 30 News Corp was State Super’s biggest individual shareholding worth about $1.3 billion. Peter Beattie’s Queensland Investment Corp has a similar sized investment in Rupert’s global media gambling so the two states have collectively dropped almost $1 billion in Rupert over the past few weeks as News Corp has almost halved from its peak earlier this year of $28. It was great on the way up guys but let’s hope you at least took some profits. News was the most obvious media bubble out there for a while.