Antinuclear

Australian news, and some related international items

Murdoch’s NewsCorpse trying hard to get the Australian Government to privatise the Australian Broadcasting Corporation (ABC)

Privatising the ABC: What’s the Scam?    https://www.michaelwest.com.au/privatising-the-abc-whats-the-scam/Michael West | Jun 11, 2021 | What’s the scam?

Murdoch’s maddies at Sky News and The Australian have been banging on, more shrilly than ever, about privatising the ABC. What’s the scam?

The scam is they have no idea what they are talking about. Nor apparently do they want to know what they are talking about. The latest set of ABC financial statements show an enterprise which costs $1bn to fund each year and ABC itself recorded income of just $65m last year. 

In the event of a sale therefore, the buyer would have to come up with a cool $900 odd million to fund the ABC. A privatised ABC would then burst into the advertising market and crush the commercial networks which are already financially stressed. It would cost thousands of jobs and send the networks bust. They can ill afford to lose $100m in ad revenue to the ABC, let alone $900m. 

The only positive outcome would be that Sky News’ own tiny ad revenue would also be walloped.

June 12, 2021 - Posted by | AUSTRALIA - NATIONAL, media, politics

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: