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The Media Australia Businesses The Almighty Buck

News Corp Australia Doesn't Want You To Look Closely At Their Financials 132

Posted by timothy
from the but-they're-australian-dollars dept.
Presto Vivace writes with news of an embarrassing discovery for Rupert Murdoch's News Corp about the company's financial state, which might draw less attention if News Corp hadn't tried to prevent people from using the information: "The existential crisis that has gripped Rupert Murdoch's Australian arm began with a rude discovery just after 2pm on Wednesday afternoon. The Crikey news website had stumbled across some of News Corp's most intimate lingerie, and had just put it all up on the the net. ... The 276-page document is called the Blue Book, a weekly and year-to-date rundown of results at June 30, 2013 for every News Corp business in the country. ... The great newspaper engine which was Rupert Murdoch's original springboard to take over the world was already under stress. In 2013, 70 per cent of its earnings disappeared, leaving operating income precariously balanced at $87.6 million. As Crikey pointed out, trying hard not to gloat, another year even half as bad as 2013 could put News Australia into the red." Crikey took the documents off line after legal threats, but it seems not before business reporters all over the world had a chance to download them."
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News Corp Australia Doesn't Want You To Look Closely At Their Financials

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  • Re:Odd... (Score:5, Informative)

    by viperidaenz (2515578) on Sunday August 24, 2014 @08:38PM (#47744569)

    You don't buy companies with cash, you use stock.

    That way it's all just funny money.

  • by mjwx (966435) on Sunday August 24, 2014 @10:26PM (#47745029)

    "Put another shrimp on the barbie Streisand, mate."

    Sorry mate, but what the bloody hell you mean by a "shrimp?"

    It's an Americanism that no Australian would use.

    We call them prawns, we also dont barbecue them.

  • by crafty.munchkin (1220528) on Sunday August 24, 2014 @10:44PM (#47745097)
    You clearly aren't aware that in Australia, News Corpse has about 70% market share.
  • Re:New for Nerds? (Score:5, Informative)

    by WillKemp (1338605) on Sunday August 24, 2014 @11:00PM (#47745169) Homepage

    News Ltd owns the only national daily paper, as well as the only daily paper in four state capitals, one territory capital, and a number of large regional centres - of the capitals, only Melbourne, Sydney, and Canberra have competing daily papers. Admittedly, that covers nearly half the population - but that leaves a massive proportion of Australia dominated by Murdoch.

  • by DeathElk (883654) on Sunday August 24, 2014 @11:26PM (#47745247)

    Don't barbecue them?! Speak for yourself. Soak green king prawns in lemon juice and garlic until the lemon begins to cook them slightly, then throw on the barbecue. Fuckin' unreal.

  • by rtb61 (674572) on Monday August 25, 2014 @12:41AM (#47745517) Homepage

    This is exactly why News Corporation got the Liberal Party and Tony Abbott elected on the basis that they would kill the NBN because broadband is killing News Corporation and you need look no further than MySpace to see what kind of internet fuckups they are, bought for $580 million and sold for $35 million. With the 70% dominance in news and a months long propaganda campaign the got corrupt politicians elected who immediately set out to kill broadband in Australia and the news competition it provides. However that blatant propaganda killed the trust of Australian public for Newscorp and Fox not-News et al and they are losing market share all over the place.

  • by BeCre8iv (563502) on Monday August 25, 2014 @01:17AM (#47745613)
    Journos that would hack the voicemail of a child murder victim.
  • by NoImNotNineVolt (832851) on Monday August 25, 2014 @09:18AM (#47746963) Homepage
    From the first google hit for 'shrimp vs prawn':

    Prawns are larger in size, and have larger legs with claws on three pairs. They have branching gills. Shrimp are smaller, have shorter legs and have claws only on two pairs. Their gills are lamellar, i.e. plate-like.

    Prawns and shrimp are both decapod crustaceans i.e. that they have exoskeletons and 10 legs. They can be found in salt water and fresh water all over the world, typically swimming in search of food. Both shrimp and prawns tend to stay near the ocean floor. They also have similar flavors, and come in a wide range of sizes from minuscule to quite large.

    In commercial farming and fisheries, the terms shrimp and prawn are often used interchangeably. But of late, the term "prawn" only signifies freshwater forms of palaemonids and "shrimp" for the marine penaeids.

    In the United Kingdom, the word “prawn” is more common on menus than “shrimp”; while it’s the opposite in North America. The term “prawn” is also loosely used to describe any large shrimp, especially those that come 15 (or fewer) to the pound (such as “king prawns”, yet sometimes known as “jumbo shrimp”).

    Australia and some other Commonwealth nations follow this British usage to an even greater extent, using the word “prawn” almost exclusively. When Australian comedian Paul Hogan used the phrase, “I'll slip an extra shrimp on the barbie for you” in an American television advertisement, it was intended to make what he was saying easier for his American audience to understand, and was thus a deliberate distortion of what an Australian would typically say.

    In Britain very small crustaceans with a brownish shell are called shrimp, and are used to make potted shrimp. They are also used in dishes where they are not the primary ingredient.

    Prawns and shrimp are two different things. From another source:

    Shrimp have branching gills, a side plate that overlays segments in front and behind, and carry their eggs outside of their bodies beneath their tails.

    Prawns have lameller gills, side plates that overlap tile-like from front to back, and carry their eggs inside their bodies near their tails.

    So indeed, we've established that Australian English is less expressive than American English, at least when it comes to these crustaceans.

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