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Rupert Murdoch’s News Corp blames ‘fake news’ after recording MASSIVE financial losses

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Rupert Murdoch’s News Corp blames ‘fake news’ after recording MASSIVE financial losses

Post by Keitei on 12.08.17 0:13

Rupert Murdoch’s News Corp blames ‘fake news’ after recording MASSIVE financial losses  lol

By Thomas Mutton - 11th August 2017

News Corp, the multi-national mass media company owned by Rupert Murdoch, has reported a loss of $817 million for the 2017 financial year due to the value of its newspapers in Australia and the UK falling.

The loss equates to roughly a 2 per cent drop in their total revenue and is the result of lower print advertising revenues and foreign currency fluctuations during that period.

This disappointing news comes fresh off the back of ongoing cuts to the Australian arm of Murdoch’s media empire that has seen the majority of production and sub-editing staff being made redundant, including up to 70 staff photographers.

Despite this, News Corp’s digital advertising revenue now accounts for 25% of all revenue from their news and information division, up from 22% last year.

One of its major holdings is News International, a publisher in the UK whose properties include The Times and The Sun, not to mention the disgraced and now-defunct paper News of the World.

Whilst speaking about so-called fake news, chief executive Robert Thomson claimed that News Corp challenges what he named as a:

    dysfunctional content eco-system, in which the fake and the fraudulent have flourished.

He added that News Corp were in advanced discussions with digital platforms: 

    over the creation of payment mechanisms for news of verified veracity.

It seems that News Corp pride themselves in honest and straight-forward reporting. It’s a shame they have such short memories. 

From headlines claiming football shirts banned in the name of political correctness to the classic rumour that straight sex cannot give you AIDS, The Sun obviously cares about its facts.

But there’s also more sinister and worrying reportage.

Do they remember for instance, that in 2015 The Sun was accused of producing hate speech by the UN High Commissioner for Human Rights, Zeid Ra’ad Al Hussein? This was in response to an article in The Sun that called migrants “cockroaches”, with the author of the article, a certain Katie Hopkins, going on to claim that: 

    NO, I don’t care. Show me pictures of coffins, show me bodies floating in water, play violins and show me skinny people looking sad.

    I still don’t care.

In this case at least, the veracity of the article was easily verifiable. 

Let’s not also forget the tragedy at Hillsborough and how the victims were painted by the then-editor, Kelvin MacKenzie. Underneath a headline “The Truth” were claims that Liverpool fans pick-pocketed and verbally abused the dead, also savagely attacking and even urinating on the police whilst the disaster was ongoing.

They later confessed that they had believed the smears of the South Yorkshire Police, what they referred to as a “pack of lies”. At the time of publishing, MacKenzie originally planned to run with the headline “You Scum” but had decided against it.

Later, The Guardian wrote that:

    The claim that supporters higher up the Leppings Lane terrace had urinated on police pulling bodies out of the crush appeared to have roots in the fact that those who were dying or sustaining serious injuries suffered compression asphyxia and many involuntarily urinated, vomited and emptied their bowels as they were crushed.

If you wanted to check the veracity levels this time around, look no further than Anfield football club, who have now banned all journalists working for The Sun from attending football matches held there.

But perhaps now that we live in the digital age, all of that can be consigned to the history books. Maybe now, The Sun and its sister papers will become a lone bastion of cutting-edge internet journalism that informs its vast readership. What do you think?

Are we at Evolve Politics part of that ecosystem of misinformation they vowed to take on for themselves? After all, if the The Sun says it’s committed to “verified veracity”, who are we to be so disbelieving…

http://evolvepolitics.com/murdoch-reports-massive-loss-in-profits-as-news-corp-ceo-vows-to-take-on-fake-news/

Then I spotted this Tweet: 

https://twitter.com/StrongerStabler/status/896053513481887744

Not So Strong‏  @StrongerStabler

Big losses for News Corps. It's working. #DontBuyTheSun #DontBuyTheTimes Don't give Rupert Murdoch any money. Advertisers are pulling out!   Mr

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Re: Rupert Murdoch’s News Corp blames ‘fake news’ after recording MASSIVE financial losses

Post by Verdi on 12.08.17 0:29

Funny that should come to light this evening.  Earlier today I was looking for something Murdoch related and came across a 2013 revelation that the Murdoch empire was in jeopardy resulting in a brand re-vamp - 'fundamental changes in governance and personnel to address recent problems'.  For example, the phone-hacking scandal, the closure of the News of the World, the unsavoury revelations of the Leveson report and the arrest of former chief executive Rebekah Brooks.

On my travels, I also found an indirect connection between the Murdoch empire and the Australian 7 network that televised the Madeleine McCann documentary last April but that's another story.

smilie

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Re: Rupert Murdoch’s News Corp blames ‘fake news’ after recording MASSIVE financial losses

Post by BlueBag on 12.08.17 6:27

News Corp knows all about fake news.
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Re: Rupert Murdoch’s News Corp blames ‘fake news’ after recording MASSIVE financial losses

Post by sharonl on 12.08.17 14:42

It was only to be expected as more and more people took to the internet.  

In 2006, News International were in financial difficulty and a new group was set up under News Int'l Limited at companies House.  

Does this explain the reason why they have not been able to afford to employ good quality investigative journalists for the past 10 yrs? And why we have had to put up with all the nonsense that they have reported?

In addition to reducing the costs of employing the journalists, they also needed a good long term story in 2006.  It seems that Madeleine came up trumps and kept them afloat for 10 yrs.

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Rupert Murdoch

Post by willowthewisp on 17.08.17 17:52

@sharonl wrote:It was only to be expected as more and more people took to the internet.  

In 2006, News International were in financial difficulty and a new group was set up under News Int'l Limited at companies House.  

Does this explain the reason why they have not been able to afford to employ good quality investigative journalists for the past 10 yrs? And why we have had to put up with all the nonsense that they have reported?

In addition to reducing the costs of employing the journalists, they also needed a good long term story in 2006.  It seems that Madeleine came up trumps and kept them afloat for 10 yrs.
Hi SharonL.
Another point to make in regards to Mr Murdoch,is the amount of evidence his associates have acquired legal or illegal over the period of time he has been allowed to be treated as a member of the Press Association within the UK?
It has been shown that Mr Murdoch gained an advantage of what we now know as Espionage,covert means,remember the"Squidgy tapes", Diana Spencer,Harry and Wills phone tapping,then there is"Yates of The Yard,fiasco"?
The UK press have just gained knowledge of how the "Evidence Collated on Child Abuse"was to secretly be Hidden behind the Dark chambers of the,"Houses of Parliament",No doubt never to see the light of day before the deaths of the children abused,no longer concerns them or their immediate family,a bit like the"Profumo Affair" as dodgy Dave Cameron had extended the length of time to be consumed for the Public's dilectations?
In fact Mr Murdoch's News Paper the Notorious,Notw at one time offered over £1 Million pounds reward for the"Safe"return of Madeleine McCann,what did this former News Paper already know,but where keeping from being exposed to the general public?
Tie in the Leveson Inquiry and good old Rupert's cohorts involvement in the Daniel Morgan unsolved Murder by the Metropolitan Police Service and the incumbent Home Secretary Amber Rudd,predecessor Theresa May? 
The Aangirfan website has an abundance of history in regard to one 46th POTUS,Donald Trump,with his ever so close relationship with a Mr Cohen,CIA operations,MK Ultra on child abuse for the upper Echelons of their society?
I am Not stating that the disappearance of Madeleine McCann has anything to do with child Abuse,but there is an unknown heavy involvement determined to smear any disbelievers as to what has happened to,Madeleine,if you disbelieve the Abduction,Operation grange Remit,has Mark Rowley stated,Madeleine wasn't old enough to make an informed decision?
murky Murdoch's finger prints can be found on any incriminating matter involved for the past Ten Years of the now famous"Madeleine Stories"Tracey Kandahola brigade?

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