Clive Palmer gets angry, again. Mining magnate Clive Palmer is looking to score a hat-trick of mega fallouts for 2012. The billionaire is on a roll. Three weeks ago he was warring with QR National, yesterday it was with Frank Lowy, and today it’s against Hyatt.
Palmer — Australia’s fifth richest man — has launched legal action against American resort group Hyatt, whose five-star Hyatt Regency Coolum Golf Resort on Queensland’s Sunshine Coast he bought eight months ago. He has attempted to terminate Hyatt’s management of the resort and threatened the company with a $60 million lawsuit, claiming the luxury hotel chain has siphoned $60 million from the Coolum resort over the past two decades and covered it up. — Lucy Clark (read the full story here)
Megaphones Watch: Bolt, Jones, Hadley, Kiwi. Andrew Bolt goes ballistic on his blog, Alan Jones mixes with the Greens, Ray Hadley gets a footy gig and NZ’s most controversial megaphone prepares to take on Mel and Kochie.
Here’s what Australia’s most powerful megaphones have been up to over the past week … — Angela Priestley (read the full story here)
Record profits for Seek. Jobs website Seek, set up by brothers Andrew and Paul Basset, has today posted record first-half profits of $60.6 million.
The website has established itself as the most popular in Australia and New Zealand, with 14.7 million hits in January alone. It was co-founded by brothers Paul and Andrew Bassat — one of the most successful partnerships in Australian digital media and members of “The Backers” in The Power Index’s Digital Media power list. — Lucy Clark (read the full story here)