Entry tags:
denying the obvious
Prime Minister John Howard says people worried about News Corporation buying a stake in the media group Fairfax need to calm down.
Rupert Murdoch's News Corp has paid $364 million for a 7.5 per cent share in Fairfax.
Mr Howard says the Government's new media laws are not behind the acquisition.
Uh huh. Sure. Right. It's just a GIANT COINCIDENCE that Packer sold off a chunk of PBL (while maintaining control, nice effort), Stokes is moving on the WA newspapers, and now Murdoch is moving on Fairfax.
I mean, there's assuming everyone is stupid, and there's assuming everyone is really, really, really stupid.
From the same article:
Communications Minister Helen Coonan says she is not surprised by the string of media deals being struck this week.
Last week Senator Coonan said she did not expect to see a wave of takeovers as a result of the Federal Government's new media ownership laws.
Oh my god - look! ABC bias in action! Pointing out that a federal minister is spinning absolute shite!