Two reasons to fear a Rinehart-led Fairfax

The desire to maximise profit in a media market should be absolutely compatible with the role of the fourth estate. But sometimes this goal of profit is suspended, with deleterious effect.

Free markets and the kind of fourth estate media industry required to safeguard democracy should, in theory, be absolutely compatible.

Indeed, Christopher Joye's excellent piece in Business Spectator yesterday (Why Fairfax needs Rinehart redemption, June 18) explains clearly why this is so.

In theory, that is.


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