Scott Morrison and the government have made sure the old media companies have profited financially in a major way under the coalition government and that largely explains why old media companies are keen to keep Morrison and the coalition in power. By rights Scott Morrison should have no chance at the federal election, which is what the polls say, but if the old media keep on reporting in a biased manner like that have the last 2 days Morrison might scrape over the line.
Given we have the most corrupt government in recent history, and possibly ever, the media focus should be on that. But the old media bias has been on show the last 2 of days, which are the first 2 days of the 6-week election campaign when all the old media have led with the story of whether or not Anthony Albanese knew the interest rates and cash rates.
A prime example of Morrison and the government loading up the old media is the estimated $200 million that Google and Facebook have been forced to pay old Australian media companies News Corp, Nine Entertainment and Seven West Media and others via the News Media Bargaining Code. The exact amount will likely never be known.
It was reported regarding Seven West Media:
Modelling by the analysts allocates to Seven West media, following this week’s deal announcement, $63 million from both the platforms. That’s $54 million in fees from Google and $9 million from Facebook next financial year starting July 1. (Click here to read more)
Add that to the $47 million Seven West Media received from Jobkeeper (Click here to read more) and you have one media company that has profited over $100 million over the last couple of years from the Scott Morrison government. Add that to Seven’s parent company the Seven Group and it’s associated companies then the major shareholders Kerry Stokes and his son Ryan Stokes have probably made between $100 million and $200 million just from Jobkeeper.
They are huge dollars even for billionaires, so it is no wonder the Stokes’ want Scott Morrison to stay in power. Of course, Jobkeeper is fraud and theft from taxpayers but that doesn’t worry the Stokes’ or Morrison but it should worry voters.
Other media companies such as News Corp have done just as well if not better than Seven from the Morrison government. While over at Nine its Chairman Peter Costello has his hand in a few government pies, such as the submarine deal, thanks to to his good mate Scott Morrison.
Small publishers have been left out of the News Media Bargaining Code and went on strike for one day in March by not publishing news stories for that day. The Conversation reported:
You might have noticed on Tuesday this week 30 media outlets did not publish any news articles as part of a coordinated protest. A group of mid-sized publishers took this action because Facebook and Google have refused to pay for their work under the News Media Bargaining Code, a new law introduced last year to force the tech giants to pay for public interest journalism.
Deals made under the law are shrouded in secrecy, but we know that so far millions of dollars have been directed to big media players such as News Corp, Seven, Nine, ACM, The Guardian and the ABC. This has been good for journalism and has created many new reporting jobs.
But a perverse outcome is the law helps the biggest media players while shutting out smaller and not-for-profit companies. Not ideal in a country that already has a huge problem with highly concentrated media ownership.
The tech giants are betting no one will care enough about the little guys to kick up a fuss. But under the new laws the Government can force Facebook and Google to come to the table through a process called “designation”, and that’s what the publishers are lobbying for. (Click here to read more)
I published the below video on YouTube giving an overview of this article:
It’s really only a few of the small independent media journalists and companies that can be trusted to report without fear of favour as the larger ones were compromised long ago by their owner’s financial greed. This has been magnified even further in recent times because of the abuse of Jobkeeper and the News Media Bargaining Code which has allowed the large old media companies to gain a financial advantage with the small media companies being left out.
If Scott Morrison was to win the federal election due on the 21st of May 2022, then the old media companies and their owner will have to take ownership of it.
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