THE DISTILLERY: Murdoch minimises

Jotters speculate on the crumbling Murdoch newspaper empire, while others outline why superannuation assets could help fill Australia's banking profit void.

When Rupert Murdoch stepped down from the boards of a handful of British newspapers over the weekend, the global media went into a frenzy: What was his motivation? Would News Corp exit the UK entirely? Will there be asset sales? This morning, one jotter takes a step back to argue this is a sign the mogul is losing control over his entire empire — and his once-iron grip is only going to get weaker from here. There's also contention about where Australia's superannuation riches will flow, and fears our emissions trading scheme will die in Europe.

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