News Corp investors reading between headlines

Of all the details in Crikey's release of News Corp Australia's 2013 internal operating accounts recently, the revelation that the average salary at The Australian clocked in at $174,000 was the most juicy. Who knew climate denialists were so expensive?Journos over at the still-profitable Melbourne Herald-Sun were presumably peeved that their colleagues on the loss making Oz aren't so keen on all that productivity stuff they urge on everyone else.For shareholders in News Corp (ASX:NWS) this was a gloriously entertaining sideshow.For a company with adjusted revenues of $US8.6 billion last year, $US6.3 billion of which comes from newspapers and information services, what happens at The...

Of all the details in Crikey's release of News Corp Australia's 2013 internal operating accounts recently, the revelation that the average salary at The Australian clocked in at $174,000 was the most juicy. Who knew climate denialists were so expensive?

Journos over at the still-profitable Melbourne Herald-Sun were presumably peeved that their colleagues on the loss making Oz aren't so keen on all that productivity stuff they urge on everyone else.

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