Fat Cat on a hot tin roof

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Via Gottiboff today:

Domain chief executive Antony Catalano — “The Cat” — gave Fairfax Media a growth future in the new era of publishing and he probably saved it from being split into its component parts.

The reason for this week’s separation of The Cat from Fairfax and its Domain spin-off goes much deeper than the stated “family reasons” and reveals forces that will hold back a great variety of Australian public companies from participating in the excitement of the new emerging era.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.