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June 19th, 2012 
FAKE NEWS for the Zionist agenda Fairfax this week announced it will cut 1900 staff from its stable of newspapers, magazines and radio stations and convert the country’s oldest broadsheets, The Sydney Morning Herald and The Age, to a tabloid format. As the company’s share price slumped, Mrs Rinehart, has upped her stake to almost 19 per cent – just short of the 20 per cent limit at which she would have to make a formal takeover bid.
Stephen Conroy, the communications minister, urged Mrs Rinehart not to “trash the brand” but rejected calls to introduce laws to enforce the company’s editorial independence.
“If Mrs Rinehart wants to turn it into the mining gazette … the 80 per cent of shareholders who will see the share price fall need to know that that’s what’s behind it,” he said.
Mrs Rinehart, worth an estimated £20 billion, does not speak to the media and has made no comment about her intentions. But she is understood to be insisting that she should be allowed two board seats while refusing to abide by the company’s charter of editorial independence, adopted by the company in 1988.
Journalists at The Sydney Morning Herald and The Age called on Mrs Rinehart to preserve their independence and warned they would not work as propagandists for her mining interests.
Staff at the two newspapers and The Canberra Times released a letter they sent to Mrs Rinehart two weeks ago asking her to guarantee their independence.
“The reports suggesting you might not support the Charter of Editorial Independence have caused considerable disquiet among staff,” the letter says.
Mrs Rinehart has not yet replied.
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