Companies

May 12, 2014

Fairfax has woes, but the red ink floods News Corp’s Aussie papers

It's more bad news for News Corp, with Australian newspapers the worst-performing segment of its business. New filings to US regulators reveal the red ink isn't running dry.

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

The depth of the never-ending stream of red ink at the Murdoch family’s Australian newspapers has been exposed in another filing with United States regulators that fleshes out the third-quarter report released on Friday.

4 comments

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4 thoughts on “Fairfax has woes, but the red ink floods News Corp’s Aussie papers

  1. Jeff Richards

    Wow, this is wonderful news. Its made my day.

  2. Bill Hilliger

    And the good news is … that News Corp losses continue with Australian newspapers the worst-performing segment of its business. May the losses grow exponentially. Shitty products will not sell, there is a aura of stench that hangs over these newspapers. Long may the losses continue.

  3. klewso

    Short may the losses run – as long as the papers?

  4. Liamj

    ‘Funky tax accounting keeps billionaires bully pulpit afloat’ – theres the headline Fairfax & the ABC should be running. They wont tho, such is the power of that bully pulpit.

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