Using taxpayer money to fund ads doesn't just benefit politicians — it's money in the bank for their friends in the media.
Southern Cross Austereo has followed Seven West Media in slashing millions from the value of its TV operations.
Yet another company is using "extraordinary" hard ball negotiation tactics with their staff, this time in the media.
Chair Kerry Stokes and CEO Tim Worner were optimistic at Seven's annual general meeting. But staff and shareholders won't have much to smile about.
Those complaining about Rupert Murdoch wielding influence over prime ministers ignore the fact that prime ministers assiduously seek his favour.
Good morning, early birds. Kerry Stokes is now embroiled in reports about media involvement in the usurpation of Malcolm Turnbull. Plus, a Senate inquiry finds Peter Dutton misled parliament over the au pair scandal. It's the news you need to know, with Chris Woods.
What do you give to Kerry Stokes, a man with a multi-billion dollar media empire? Why, a $6 million government handout for an energy project he can easily fund himself, of course.
It seems the board has rejected other approaches, such as a rights issue, to help recapitalise the company.
Seven’s shares hit a record low of 63c last Friday and closed at 64c last night -- -- even as the broader sharemarket hit a three-month high. Things do not look good, write Glenn Dyer and Stephen Mayne.