You go, girl.
She’s proposed nuclear explosions for open-cut mining, funded tours by climate deniers and called for bringing in cheap migrant labour to work her mines.
Now Australia’s richest person, Gina Rinehart, has bought the largest individual stake in Fairfax Media, which runs the Sydney Morning Herald, The Age and the Australian Financial Review, plus various radio stations and regional papers.
In 2010, Rinehart bought herself a seat on the Channel 10 board when she paid $166 million for a 10% stake in the television station.
Her expansion from mining baron to media mogul is most likely not a financial decision. Rinehart is spending less than 1% of her wealth on Fairfax, and media is far less profitable than mining.
An online video first posted on YouTube by the free market Mannkal Foundation helps explain Rinehart’s move. The video shows prominent climate denier “Lord” Christopher Monckton in a meeting hosted by Mannkal in July last year.
Monckton told the audience they should encourage “super rich” backers to invest in a Fox News-style media for Australia. He said: “Frankly, whatever you do at a street level … is not going to have much of an impact compared with capturing an entire news media.”
He said setting up an Australian version of Fox News “would be a breakthrough and give to Australia a proper dose of free market thinking”…