Domainfax smears Dick Smith with fake news
Here we have it laid bare. Domainfax on Dick Smith:
Did Dick Smith blame “immigrants” for high house prices? No, he blamed high immigration. The difference is subtle but very important. One is objective and the other a clear “dog whistle” that Dick Smith is somehow racist. The use of the word “claim” is also negatively loaded.
Meanwhile, the rock hard economic truth of this fake news is made clear in another article:
Fairfax Media more than tripled first-half profits to $84 million and confirmed it was considering spinning off its fast-growing Domain real estate advertising business into a separate company.
Details of the Domain spin off sent Fairfax shares up 9 per cent to 95¢ Wednesday morning.
…The results illustrated why Fairfax is considering listing Domain on the share market.
Company-wide revenue in January was about 10 per cent below the previous year, and 6 per cent down in the first two weeks of February. But in Domain digital advertising sales rose 15 per cent in the half from the same period a year earlier.
Fairfax is nothing more than a real estate propaganda outfit with a worthless publishing arm brimming with gormless writers (not journalists) creating value largely by driving eyeballs to property listings.
It needs immigration desperately to continue or it will crash.
