Anonymous ID: 246057 Aug. 9, 2018, 5:39 p.m. No.2530202   🗄️.is 🔗kun   >>0303 >>0663

News Corporation chalks up $1.9bn loss as Foxtel's value written down by another billion

https://www.abc.net.au/news/2018-08-10/news-corporation-1.4-billion-loss/10105102

Global media giant News Corporation has suffered another nasty full year loss of $US1.4 billion ($1.9 billion) as it continues to write down the value of its Australian pay-TV subsidiary, Foxtel.

 

The big full year loss follows last year's $US643 million ($870 million) loss where the value of a range of newspapers and TV platforms were slashed.

 

Foxtel and Fox Sports saw their value cut by $US998 million ($1,354 million) as part of their consolidation into a single company, with News owning 65 per cent of the business and Telstra controlling the other 35 per cent.

Anonymous ID: 246057 Aug. 9, 2018, 6:09 p.m. No.2530721   🗄️.is 🔗kun

Adani spent a year trying to hide this information on its reef spill

 

https://www.abc.net.au/news/2018-08-10/adani-spent-a-year-trying-to-hide-reef-spill-details/10090632

Adani has been fighting to hide details of what it told the Queensland Government about the risk of pollution to the Great Barrier Reef ahead of Cyclone Debbie in 2017.

Key points:

 

FOI documents appear to show Adani, Queensland Government knew polluted spill likely to breach licenced levels

Adani applied for temporary licence to pollute wetlands as Cyclone Debbie rolled in after realising potential for overflow

Environmental NGO said: "They knew they would break the law, and they did it anyway"

 

Now, conservationists say documents and a series of emails obtained through freedom of information laws appear to show the company and the Queensland Government knew the pollution would be so bad it would break the law.

 

The details are revealed in an exchange over the company's temporary pollution licence and it starts on March 27, 2017.