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.


Berejilklian Government’s fascistic FriendlyJordies “overreach”

The fascistic Berejilklian Government is sinking into deeper hot water over its ridiculous arrest of a FriendlyJordies employee: Nicholas Cowdery, the former NSW DPP, said the “fixated persons” legislation was not designed for arresting comedians but for lone-wolf terrorists that pose a “risk of serious violence”. “On its face this does not seem to be


Cameron Murray for PM

I loath Q&A. It is little more than a bourgeois echo chamber of self-congratulation. What a relief it was to see economist Cameron Murray get on there and stick it to them with elegance, reason and demands for evidence. I don’t always agree with Cam but his arguments are well-reasoned, he demands evidence and he


The Strayan Exclusive! Morrison to rebadge Asprin as COVID vaccine

Sir Fomo McSpruikerson is an expatriate billionaire and proud proprietor of The Strayan, a vanity media project designed to boost his assets. Exclusive: Morrison Government to rebadge Asprin as COVID vaccine Australia’s flagging COVID vaccination plan received a welcome boost today when Health Minister Greg Hunt announced that the Department of Health would immediately move


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