Last week, Channel 10 went into administration.
This was a perfect pirate action – the two of the main shareholders (Murdoch and Gordon) withdrew support.
Then, as white knights, came to save and make it private and burning all the listed company shareholders.
As, in perfect pirate style, the agreement between Murdoch and Gordon is an association – so the media concentration laws do not apply.
The real pirates live in Australia, not the Caribbean!
investorpolitico 