Hacker News new | ask | show | jobs
by snickms 1956 days ago
Quite a few people here think that this legislation exists solely to prop up various News Corp outlets.

https://www.crikey.com.au/2020/11/26/coalition-news-corp-fun...
2 comments
wp381640 1956 days ago
When Murdoch cries poor in Australia just remember that he spun out what newspapers traditionally made money on - the real estate ad business - into a separate company, REA (realestate.com.au), and today it's worth $20B

REA still makes up about 80% of news corps value.

When they talk about news being a bad loss-making business, they're talking about the newspapers that are subsidised by their online revenue and used to control politics in three major large democracies (yes, three - I count Australia!)

link
snickms 1956 days ago
> ...used to control politics in three major large democracies

Five eyes my foot.

As you have noted, three of them appear to be completely blind. If they cannot protect us from this, then what are they there for?

link
ra 1956 days ago
it's no secret that News corp is cosy with political sides that support their interests... and News is so influential, that it's become symbiotic.
link
josephg 1956 days ago
It would be hilarious if the upshot of this is Murdoch press (sky news, etc) all ending up banned from Facebook and Google news.
link