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An out and out shakedown — Australia news deal with Facebook makes little or no business sense

Adrian Weckler


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News Corp Chairman, Rupert Murdoch. Photo: Brendon Thorne/Bloomberg.

News Corp Chairman, Rupert Murdoch. Photo: Brendon Thorne/Bloomberg.

News Corp Chairman, Rupert Murdoch. Photo: Brendon Thorne/Bloomberg.

Is the €500m bath that Denis O’Brien took on Irish media ownership the low watermark for how bad it can get for industry investors?

Maybe not.


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