Australian business media

Australian business media is the world’s dumbest and one of the most corrupt. It exists in a frozen duopolostic structure between Fairfax Media and News Corporation. These two focus one another rather than innovation or service delivery, poaching each other’s staff, copying businesses and generally overpaying for any assets that pop up to threaten the cosy relationship.

Business coverage in Australia is much more akin to a “boys club” of back-slapping private school alumni than it is any investigative or analytical force. It pretends to endorse private markets as a philosophy but in actuality largely exists to defend vested interests. Both halves of the duopoly are addicted to bank and real estate advertising, with Fairfax especially prepared to sell out its editorial in pursuit of higher house prices (and more ads). It’s real estate classifieds business, Domain, has slowly but surely turned its business news coverage from reporting and investigation to press-release recycling and property price cheer-leading.

MacroBusiness covers these foibles daily.


Life is grim in Antiameristan

There is a country without official recognition to whom it is time we gave diplomatic credentials. Antiameristan has a small population in Ultimo, Sydney. But its views and identity are strongly formed enough to merit full sovereignty. The nation of Antiameristan takes its name from its lifetime dictator, Stan Grant, who appeared at the ABC


The Strayan: Ian Verrender reported missing

Sir Fomo McSpruikerson is an expatriate billionaire and proud proprietor of The Strayan, a vanity media project designed to boost his assets.  NSW Police file missing person report for ABC journalist Ian Verrender ABC journalist Ian Verrender has been reported missing by NSW Police, exactly one week after penning an article critical of Australia’s relationship


The Strayan: Stan Grant awarded Order of the Heroic Exemplar

Sir Fomo McSpruikerson is an expatriate billionaire and proud proprietor of The Strayan, a vanity media project designed to boost his assets.  Stan Grant awarded Order of the Heroic Exemplar (Chinese: 英雄模范勋章) Veteran Australian journalist Stan Grant has been awarded The Order of the Heroic Exemplar (Chinese: 英雄模范勋章), China’s second-highest medal for services to the


Corrupt APRA hunts The New Daily

Via Domain: The prudential regulator is investigating online publication The New Daily‘s commercial relationships with superannuation funds as part of a review of how members’ money is being spent by the industry. Liberal Senator Andrew Bragg has been a vocal critic of industry super and last week passed a Senate motion to demand the ABC provide more


How to fight a treasonous ABC

The ABC has made an extraordinary editorial decision to support the CCP in its attack on Australia. I cannot emphasise enough how outrageous this is. Taxpayer dollars are now being recycled as a propaganda campaign to end freedom for taxpayers. Needless to say, this is an unprecedented collapse of journalistic ethics at Australia’s national broadcaster.


Treasonous ABC should be shut

More treasonous coverage of the Chinese attack on Australia today at the ABC. First up, we get the whinging beef lobby: China’s ban on beef imports from several Australian abattoirs has cost the industry hundreds of millions of dollars while eight meatworks wait to resume trade. Last year, exports of red meat to China were


Does the Aussie media not realise that it is under attack?

The Australian media is directly under attack. Its right to publish and be damned is under attack. Its right to expose the truth wherever it may lurk is under attack. Its right to hold to account governments, oppositions and politicians is under attack. Its right to unearth corruption is under attack. In short, its entire


Kelly’s cowards lose their leader

Kelly’s cowards lose their leader. From Paul Kelly today: For Australia, there will be no return to the China relationship of the Howard era. China has become more successful, assertive and paranoid. Anyone who thought a few years ago that Australia might distance itself from the US alliance to better manage China was profoundly mistaken.


Your ABC abandons freedom for crayfish

Several of the recent demands made by China for the end of Australian democracy landed directly upon the media, from which it required silence: Your ABC has been delivering in spades. Chinese agent of influence and Yancoal lobbyist, Geoff Raby, is now rampant at the national broadcaster. There is barely a piece that does not


Your ABC can’t wait to sell you to China

Come on, ABC, lift your game: He-Ling Shi, an associate professor of economics at Monash University, said while some goods could be sold in other markets, industries like international education would have a harder time shifting towards countries other than China. “In the long run, Australia can find alternative sources to export our education services,


How FriendlyJordies turned incredibly creepy

Via Domain: Former prime minister Kevin Rudd says controversial Labor YouTuber FriendlyJordies should be treated as a serious journalist and has defended working with the satirist, as NSW Labor leader Jodi McKay appeared to distance herself from him after a week of stunts and off-colour remarks. …Shanks’ remarks on his podcast a fortnight ago about


Fox News not fake enough for El Trumpo

This is a classic for the Murdoch haters out there. The Fox News Frankenstein has come back to eat it: [email protected] daytime ratings have completely collapsed. Weekend daytime even WORSE. Very sad to watch this happen, but they forgot what made them successful, what got them there. They forgot the Golden Goose. The biggest difference


The Strayan Weekly: Geoff Raby launches “Golden Rain” consulting

Sir Fomo McSpruikerson is an expatriate billionaire and proud proprietor of The Strayan, a vanity media project designed to boost his assets.  SBS launches new “SBS Migration” network as part of rebranding The Special Broadcasting Service has announced that it’s launching a new network entitled “SBS Migration” as part of an overhaul of the government


Fake Greens push for Murdoch inquiry

Via The Guardian: Greens senator Sarah Hanson-Young will move to establish a Senate inquiry into media diversity on Wednesday following the popularity of Kevin Rudd’s petition for a royal commission into Murdoch media. Last week the former Labor prime minister’s petition for a royal commission into the need for a strong, diverse media was supported


AFR coralled by CCP agent of influence

Via the AFR today: A Chinese government adviser has urged the Morrison government to try and repair ties with Beijing by expressing interest in President Xi Jinping’s new five-year economic plan and offering to send ministers to Beijing as a sign of goodwill. Mei Xinyu, a research fellow at the Ministry of Commerce’s Chinese Academy


Why is your ABC pushing China agent of influence, Geoff Raby?

Former ambassador to China, Geoff Raby, is a registered agent of foreign influence for Yancoal, a Chinese state-owned enterprise: Yet, this morning, Dr Raby appeared at the ABC without reference to this compromising fact as he told Fran Kelly that: we are inextricably bound to China; China is no existential threat to Australia, and ironically…