Anti-terrorism measures shouldn’t focus solely on Muslims

Crikey readers share their thoughts on ASIO, the rivalry between Melbourne and Sydney and other issues of the day.


We have discovered an error in this story published last week. The story is an analysis of News Corporation Australia’s advertising and circulation revenue declines in 2013-14 — which are not disclosed — and we now realise we did not properly account for the impact of currency devaluation when calculating the figures. We estimated that, assuming an average exchange rate of US92c to the Australian dollar in 2013-14, a reported drop in circulation and subscription revenues at News Corp’s Australian newspapers of US$45 million that year would translate to a $49 million fall in local currency terms, or a roughly 11% drop on the previous year’s figures. On our revised analysis, using the same exchange rate assumption but first deducting a proportionate share of the reported $US199 million in foreign exchange impacts, a better estimate would be that circulation revenues fell by approximately $22 million or 5% in local currency terms, compared with the previous year. Similarly, we estimated that a reported $US314 million fall in total advertising revenue from the Australian newspapers would convert to $341 million in local currency, or a roughly 25% drop. A better estimate would be that the advertising revenues fell $151 million in local currency or 11%, compared with the previous year. We stress that these figures are estimates only, based on the limited disclosures in the News Corporation accounts.

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One thought on “Anti-terrorism measures shouldn’t focus solely on Muslims

  1. Jaybuoy

    the second royal commission after sovereign borders needs to be Ruperts nearly billion dollar tax’s emblematic of what a joke our system has become..

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