“The Sprout”, one of the new posters at the Standard has decided to engage in a little Schadenfreude at the Herald’s expense, with a whirlwind post that goes from anti-EFA bitterness, operations criticism and finally, editorial hatred.
What “The Weed” conveniently overlooks is the following:
Firstly – Reilly only owns 39% of APN. So it’s only a large minority stake – not the whole shebang.
No-one is buying any large asset these days because it’s so bloody hard to borrow money for large asset purchases!
If it’s hard for mums and dads to borrow money for a new family home (think higher levels of equity that the banks now want), then it’s the sentiment holds true for large corporates as well. The very definition of a credit cruch is that banks and lenders are far more reticent to loan out money.
For The Standard to somehow beat this up as some kind of rejection of the Herald’s news credibility is frankly pathetic and ignorant.
After all, do we criticise the homeowners who can’t sell their homes at present as having shoddy homes, unworthy of being lived in?
Or do car dealers who are struggling at present responsible for only selling vehicular lemons – or are they struggling to get finance for their purchasers?
Of course, if the Herald was pro EFA and had been more sympathetic to a lying, corrupt and venal Labour, then I’m sure the Herald would deserve top dollar over at the Standard.
Here’s thought – let’s see the Standard sell advertising and not rely on Labour Party and EPMU largesse for funding and support. I bet they won’t find it’s as easy as it looks.