CBD

All is tweet in News carve-up

All is tweet in News carve-up

Even the Twitter accounts are being carved up as the sundering of

News Corporation into two separate but unequal parts rolls on.

In among the hundreds of pages of divorce papers News filed with the stock exchange last Friday are details of the social media settlement between the various Fox Sports entities and the new News Corporation.

While globally the cable news and entertainment business is to remain with the existing entity, to be renamed 21st Century Fox, the publishing spinoff is to get News' half of Foxtel.

This means there needs to be a new licensing deal allowing Fox Sports Australia to use the Fox Sports name and logo, which is owned by Twentieth Century Fox Film.

For the princely sum of $10, the Australian Fox also gets the right to use the moniker on Twitter accounts and Facebook pages, provided they are aimed only at Australians and Kiwis.

Twentieth Century retains the right to run overseas social media.

But where does this leave that always entertaining, if sometimes frightening, peek inside Rupert Murdoch's brain that is his Twitter stream?

It seems to CBD that both new and old News will have an equal claim to the thoughts of Chairman Rupert, as he's to be on both boards.

Island paradise (1)

Mining magnate Clive Palmer and disgraced former doctor Geoffrey Edelsten are reportedly among possible buyers of Queensland getaway Turtle Island, which is on the market with an asking price of $6.75 million.

A 9.4-hectare private island, off Gladstone near the Great Barrier Reef, it's billed as "fit for a movie star or recluse celebrity" and features a four-bedroom mansion, a private jetty and a helipad.

The Gladstone Observer reports selling agent Richard Vanhoff, of Coldwell Banker, as saying Palmer has inquired after the property and he'd had "Dr Edelsten and Brynne up there to inspect the island".

Professor Palmer's penchant for tropical tailoring, famously seen during a Lateline appearance from Tahiti last year, would indicate he's a perfect fit for the island getaway. But Palmer spokesman Andrew Crook played down talk his boss might be in for a slice of paradise.

"He's not looking for an island at the moment - at the right price he might," he said.

That leaves Edelsten, for whom the island would be ideal, provided the internet signal is strong enough to log on to sugardaddy forme.com.

The spread has been owned by Sydney property developer Steven Christofidellis and his wife Marcia since they paid $3 million to trump movie star Julia Roberts at auction in 1999. Property records show the couple bought the island from racing identity Bob Bentley - who reportedly paid just $300,000 for the undeveloped land when he bought it in 1994.

CBD called Vanhoff's mobile phone but couldn't get through. No doubt he's too busy answering calls from Hollywood superstars.

PUP is barking

Palmer's clearly far too busy to check out real estate, with the magnate out on the campaign trail on Tuesday - even though the status of his Palmer United Party is still up in the air.

In addition to building a replica Titanic, creating a dinosaur park and, oh yeah, mining, Clive has been on the road dribbling out candidates for his party.

With Treasurer Wayne Swan in his sights, Palmer plans to stand a candidate in every electorate. He was in Rockhampton on Tuesday endorsing another three hopefuls for the Queensland PUP team led by rugby league legend Glenn Lazarus.

Anointed were businessman Michael Tudman, who was on business in Africa but will stand for Wide Bay, cattle farmer Steve Ensby (Herbert) and small business operator Diane Hamilton (Capricornia).

All this even though the PUP has yet to be approved by the Australian Electoral Commission.

Crook said Palmer made his application by May 13, the cutoff date for a September 14 federal election, and the PUP had more than the required 500 members.

"Clive's today said he's got more than 2500 members, with another 4000 applications being processed," he told CBD.

Charity on rocks

And in other Edelsten news, an anti-journalist website run by the former Sydney Swans owner has been scrubbed clean of charity mentions following a Fairfax Media article.

Until Tuesday, the non-doctor's Australia's Worst Journalist website, where he slags off miscreants of the fourth estate, ran prominent ads urging readers to donate to the Great Expectations Foundation. Proceeds from the foundation, set up when Geoffrey and Brynne married in a low-key ceremony in 2009, were said to be earmarked for a range of charities.

But Fairfax Media on Sunday questioned the relationship between the foundation and the charities. The website's banners now spruik only itself.

Island paradise (2)

CBD has been chastised by readers for referring to tax haven Bermuda as being in the Caribbean when it is in fact some distance north out in the middle of the Atlantic (see CBD, May 23, and BusinessDay, May 25). Reader Don Hirst, a member of pioneering '60s garage blues outfit The Spinning Wheels, said he was in Bermuda in 1978 playing in a hotel band.

"It has to be the most boring place I have ever been to," he said. "Only 30 kilometres long with nothing to do except sail (yawn), fish (yawn), or count your money. What money?!"

Hirst said a fellow inhabitant at the time was an Australian later jailed for running "bottom-of-the-harbour" tax scams.

"Fun bloke, though. He threw a fantastic party for the expats at his lovely spread on 'The Rock' to celebrate [Bob] Menzies' death."

Got a tip?

bbutler@fairfaxmedia.com.au

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