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by wp381640
1958 days ago
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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!) |
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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?