Crikey to destroy leaked accounts showing News Corp decline

“Coming from a media company that frequently publishes leaks, you really only have to imagine what News Corp would do if they had their hands on an equivalent document on Fairfax’s internal operations, it would have been spread all over the front page with half a dozen gloating articles inside,” he said.

The documents, which date from last year, show News Corp‘s print and digital publications were suffering from large falls in revenue, with flagship paper The Australian losing $27 million.

Media academic Associate Professor David McKnight, who has authored a book about Mr Murdoch, says News Corp is being “extraordinarily hypocritical”.

Online news site Crikey has responded to legal threats by agreeing to destroy leaked accounts indicating a steep decline in News Corporation‘s Australian newspaper business.

Independent financial analyst Mark McDonnell says he is staggered at how inaccurate News Corp’s own internal forecasts are.

News Corp’s chief executive until last year, Kim Williams, has rejected suggestions he is the source of the leak.

Read more here: ABC

    

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>