Eureka Report sags

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From the AFR:

News Corporation’s Eureka Report will be relaunched next year as an independent equity research service, with plans to hire around five analysts from stockbroking firms.

…Mr Kohler denied profits for the newsletter had fallen amid speculation subscription numbers were weakening. Mr Kohler told The Australian Financial Review the cost of the service will not increase to compensate for a rise in costs to pay for analysts and the relaunch of the newsletter. This suggests profit margins could shrink in the coming 12 months.

Good lord, not specialists! That does sounds expensive. Not that Mr Kohler cares, having sold the faltering business for an astonishing $30 million in 2012, of which he owned 28%.

 

Comments

  1. Kohler has just jumped out of Inside Business, were it not for him the show would definitely go on.

    Giselle Roux would make an excellent host, in my opinion, not sure if she would take it though. Despite their claims, it seems ABC has given up on Sunday business news completely without Kohler. Nine has got it locked down from December onwards.

  2. having sold the faltering business for an astonishing $30 million in 2012, of which he owned 28%.

    Jealous?

  3. Looks like Rupert decided his new employee best concentrate his efforts on Rupert’s investment rather than working for enemy for free.

    The door opens for MB.

    Good panel on IB yesterday BTW. Marcus Padley, Adam Carr and Steven Mayne.

    • Yes – it was good of Mr Carr to remind everyone that there has been NO deleveraging since the GFC.

      One of the great urban myths that gets trundled out regularly.

      If Australian’s really had become this amazing race of savers since the GFC and were salting away large slabs of their income would we still have a household debt to disposable income ratio of circa 150%.

      Unfortunately, Joe ‘The boy in the Bubble’ Hockey appears to have bought the myth and is keen to get people spending the savings that don’t exist.

      • If Australian’s really had become this amazing race of savers since the GFC and were salting away large slabs of their income would we still….run a CAD?

        Any individual saving is being offset by Govt deficits. It is then poured into residential RE which is not ‘saving’ but consumption. So we consume the savings.

        The insanity of modern economics is just mind boggling!