finance
Print
Smallest Ray Of Light Shines In Newspaper Industry’s Coffin
1:43AM Hamilton Nolan | Good news for the newspapers industry! The rate of catastrophic quarterly decline in ad revenue is slowing, slightly. Looks like that strategy of “Ohmigod, Jesus Christ…just fire everybody” is finally paying off, very modestly! More »
People
Why Hasn’t Annie Leibovitz Filed For Bankruptcy Yet?
6:00AM John Cook | The deadline for Annie Leibovitz to repay her $US24 million loan from Art Capital Group passed last night at 11.59pm. She didn’t (her spokesman says she’s trying to “work things out”), but Art Capital is mum. What’s going on? More »
Flotsam & Jetsam
Dow Jones Industrial Average Reportedly For Sale
7:03AM Ryan Tate | Goldman Sachs is in the process of selling the Dow Jones Industrial Average on behalf of News Corporation, John Carney at Business Insider reports. But is it really worth much? More »
Print
4:56PM Jess McGuire | Poor ACP. James Packer’s just swanned into their offices and raised the rent. Has he no soul? Does he want some of this country’s finest publications to fold due to financial woes? Just what will little Indigo say when she learns that it was her very own father’s extreme reaction to the current economic situation which led to her missing out on the traditional teenage girl moment of opening up her first ever copy of Dolly Magazine and eagerly flicking through to the mindblowingly informative sealed section, or reading Dolly Doctor aloud to friends and wondering why so many damn girls seem to be suffering from strange discharges?
Wearing a broad smile and with a noticeable bounce in his step, James Packer is said to have strolled casually into the Park St offices of magazine publisher Australian Consolidated Press on Thursday and informed its tenants that the honeymoon is over – he’s putting up the rent, for the second time in a year. Sources at ACP, the tenants in the building, report that they have seldom seen Packer looking happier.
What a sadist!
Speaking of ACP, here’s a small insight into its current woes thanks to an anonymous tipster.
More »
It’s Not All Sunshine, Lollipops, And Rainbows Everywhere At Australian Consolidated (De)Press(ed)
4:56PM Jess McGuire | Poor ACP. James Packer’s just swanned into their offices and raised the rent. Has he no soul? Does he want some of this country’s finest publications to fold due to financial woes? Just what will little Indigo say when she learns that it was her very own father’s extreme reaction to the current economic situation which led to her missing out on the traditional teenage girl moment of opening up her first ever copy of Dolly Magazine and eagerly flicking through to the mindblowingly informative sealed section, or reading Dolly Doctor aloud to friends and wondering why so many damn girls seem to be suffering from strange discharges?
Wearing a broad smile and with a noticeable bounce in his step, James Packer is said to have strolled casually into the Park St offices of magazine publisher Australian Consolidated Press on Thursday and informed its tenants that the honeymoon is over – he’s putting up the rent, for the second time in a year. Sources at ACP, the tenants in the building, report that they have seldom seen Packer looking happier.
What a sadist!
Speaking of ACP, here’s a small insight into its current woes thanks to an anonymous tipster.
More » 
