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Tue, 2012-06-19 10:20Graham Readfearn
Graham Readfearn's picture

Mining Magnate Gina Rinehart Bids For Editorial Control Of Australia's Fairfax Newspapers

WHEN you think the news stories just aren't going your way - when parts of the media just refuse to tow your particular ideological line - what are your options?

For most people, the choices are limited. You could perhaps write a letter to the editor or maybe even pen an opinion piece or start your own blog.

But if you're the world's richest woman with a penchant for climate science denial and a coal and iron ore empire to maintain, then your options are considerably broader.

This week, the Australian oligarch Gina Rinehart took the logical step for someone with a personal fortune approaching $30 billion and bought the opposition.

The mining magnate now holds 19 per cent of all the shares in Fairfax - the Australian media organisation which owns the country's most respected newspapers the Sydney Morning Herald, The Age (Melbourne) and the Australian Financial Review.

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