Privatise the ABC

Against Public Broadcasting:

Why and how we should privatise the ABC

— Chris Berg and Sinclair Davidson

ISBN: 9781925501896

Paperback, $29.95

COMING IN MAY 2018

The Australian Broadcasting Corporation is a media colossus with a reputation for integrity and quality. It is also a billion-dollar government program that lacks any coherent justification for its existence. Chris Berg and Sinclair Davidson provide a highly readable account of how and why the ABC has come to be in this position. This is the first serious analysis of the rationale for the ABC and its existence in decades.

When the ABC was founded in the 1930s the problem was a scarcity of media. Now that we live in a world of media plenty, it is hard to see why the government is still subsidising a media empire. This book provides an outline of how policymakers can dispose of the ABC, while at the same time preserving its value and realising that value for the benefit of taxpayers.

Pre-order here.

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119 Responses to Privatise the ABC

  1. Dave in Marybrook

    I’m buying it- among many other reasons, for that cover!

  2. Infidel Tiger

    There is more chance of the ABC having its budget tripled.

  3. Sounds like a strong academic argument to support emotional responses to ABC bias.
    Look forward to reading it.

  4. Leigh Lowe

    I hope they cannibalize all other lefty meeja just before the Chinese foreclose.

  5. Muddy

    Nothing will happen until it is political poison to be associated with the ABC. It’s reputation and image needs to be undermined. Sever the link between the head and the body.

  6. struth

    A reputation for a LACK of integrity and quality.

  7. Malcolm

    How do you privatise an organisation that is only able to make huge losses? That can only exist by government fiat and payment? Really you mean Against Public Broadcasting – Abolish the ABC and SBS.

  8. Malcolm

    It’s like when Labor said that Medicare would be privatised. It can’t be privatised because no one would buy it.

    Medicare, the ABC and SBS have no revenue to speak of (except government payments) and large expenses.

    The only way you could privatise them would be for the government to continue to make large payments in perpetuity.

    Since under that circumstance the expenses would rise, the privatised ABC and SBS would be more expensive than they are now.

    So really – just abolish them. NOW!

  9. Sinclair Davidson

    It can’t be privatised because no one would buy it.

    For a mere $29.95 you too can discover the answer to that $1000,000,000 question.

  10. Dr Fred Lenin

    Float in on the ASX pay out staff entitlements and pensions in shares in the company ,lease them buildings and equipment at market rates charge them same fees as FTA companies , then Go for it Comrades sink or swim in the real world. ( open a book on how long it will last).

  11. Leigh Lowe

    It can’t be privatised because no one would buy it.

    Ye of little faith.
    Those Bananas in Pajamas dolls and Midsomer Murders DVDs have some value.

  12. BrettW

    “with a reputation for integrity and quality”. Not with me it doesn’t.

  13. wal1957

    BrettW beat me to it.

    I’ll just add this…
    “OZ’s most trusted source for news etc…”
    What an absolute load of BS!

  14. Malcolm

    Oh come now Sinclair. Yes I may well buy the book, but that’s some sophistry to say the ABC can be privatised. Yes it has some assets that can be sold (collectively or separately). But where is the revenue going to come to pay the staff salaries and other benefits? It’s not a going concern without $1 billion or so of government money each year.

    In 2017 (according to the Annual Report, the total expenses were $1.14 billion and the revenue from the Government was $1.04 billion.

    The total assets are on the book at $1.4 billion and equity is $1.1 billion. So yes those assets could be sold off and maybe a very small ABC could be created, but nothing like an organisation that receives over $1 billion a year from government.

  15. Malcolm

    When people speak of privatisation, it is as a going concern (eg: Telstra, Commonwealth Bank etc).

  16. Sinclair Davidson

    Malcom – you raise interesting points and I can’t really engage without also revealing the solution Chris and I come up with to those very points.

    In discussions with people they either hate it or love it.

  17. JC

    Malcolm

    I have no idea what Sinclair is suggesting, but one way to determine profitability is to begin forcing it to advertise of a couple of years and so the market would have a track record in terms of how it would perform.

    The market would be able to estimate advertising performance from the viewership and listenership it has. It’s not impossible.

  18. RobK

    I dont care how you do it. Its a good idea away it happens. Just make it happen.

  19. Beachcomber

    The privatisation ‘solution’ is to simply defund it and sell off the assets to pay out the staff. Nothing complicated.

  20. Howard Hill

    LOL! As if the parasites in charge of this joint would ever get rid of one of their greatest asset. The Always Broadcasting Crap group are doing exactly as they’re instructed to do.

    Yeah, yeah, I know; we’re governed by idiots. I wonder who the bigger fools are?

    There’s an easy way of stopping all this nonsense without violence but none of you have the balls to do it! Instead you’ll write endless books and crap on web forums till the day you die and then go to your graves wondering where it all went wrong? Pathetic really.

    Look he took off his shoe. It’s a sign. Lets all take of our shoes.

  21. Baldrick

    “It is our hope national broadcasting may stand solid and serene in the middle of our national life, running no campaign, seeking to persuade no opinion, but presenting the issues freely and fearlessly for the calm judgment of our people.” – Richard Boyer (ABC Chairman 1945 – 61)

    Since it no longer does this, sell the behemoth or better still Rabz it.

  22. Unless Sinc has the solution to the politics of selling the ABC, he has no solution at all.

    Assuming we get a government with the appetite to sell the ABC, convincing the public will be the test.
    The problem with the ABC is not that it is publicly owned, but that it is owned by government.
    So the solution is to remove the government and let the public own it, just like it was done with Telstra.

    That may be one way to do it. Tell people they can and will still own the ABC (with free shares) but the government won’t have any part in it.
    The other problem is the other 3 networks. They already compete with the ABC for viewers, so I doubt they’d want to compete for advertisers as well. A privatised ABC would be a 50% increase in advertising competitors for each of the 3 networks.
    How much influence those networks have on government decisions? I don’t know.

  23. Billie

    Trolling the ABC in itself is a rewarding pastime I am happy to contribute to

    You realise your chances of a Walkley (Vanity) Award has gone forever?

  24. classical_hero

    Rabz it and salt the earth.

  25. Up The Workers!

    I tend to agree with Malcolm – you can’t privatise the gillarding A.L.P.B.C. because nobody would be silly enough to buy it – although if you re-named it “Quindells”, Slater & Gordon might bid the odd few billion borrowed bucks (there is a precedent!), – maybe with H.S.U. cash? (there is a precedent!).

    Given that there isn’t much of a market for steaming hot ordure delivered fresh to your lounge-room daily, it would be far more practical to give the whole odious, blow-fly-ridden pile away, rather than waste time attempting to sell it.

    Gift the A.L.P.B.C. – lick, stock and lying Leftard sheltered workshop presstitutes – to Fauxfacts. Talk about killing two birds with the one stone – the addition of the billion-dollar-a-year A.L.P.B.C. millstone around the scrawny, penurious neck of the cadaverous Fauxfacts, would kill both organizations off quicker than you can say: “False News”.

    It would never happen while the Prime Quisling and all the little Quislings are in seat-warming office, so it might be a few years down the track – until the Quisling’s successors are safely behind bars alongside their former Party Federal President and all his jailbird colleagues, but it is surely a worthy aspirational goal to aim for, and would remove most of the blatant gillarding currently constipating our airwaves and print media.

  26. Have ordered it and looking forward to reading it.

  27. vr

    Let the tax payers decide if they want to fund the ABC. This can be done by an “fund ABC” box that each an every person filing a return ticks. If we are feeling generous it could be a “opt-out” box that one checks — the default is one chooses to fund the ABC.

  28. A simple shut down and asset sell off would be more preferable to privatisation.

  29. Herodotus

    The ABC has been replaced by Sky at our place.
    Here’s the way ahead, a similar approach to one above.
    On your tax return you tick a box that says you’re willing to pay an ABC/SBS levy, and it’s added to your tax bill.
    These statistics can then be processed, and those areas of the nation that value the service in sufficient numbers to finance it will continue to get it. The rest will not.

  30. Herodotus

    Oh, and send a copy to Bill Shorten early next year. He’ll take it to caucus and it’s a shoe-in to become Labor policy in due course, perhaps some time next century.

  31. The Barking Toad

    Rabz it.
    The full Rabz.

    +100

    Rabz it and salt the earth.

    +1000

    One day, in the future, a new generation will wonder why a country supported this socialist entity, so past its use by date.

    They will also wonder at the stupidity of a country ruining its economic advantage of cheap and reliable electricity.

  32. Snoopy

    But would a privatised ABC still be able to publish quality pieces like this?

    ‘Community trust’ sees dramatic rise in domestic violence prevention in remote town

    Note that there is no claim that DV rates have fallen.

    I wonder if, given the time of the year, this article coincides with an application for further funding by the service provider? Surely not!

  33. stackja

    Gough removed funding from the ABC. $26.50 per TV/radio user when population was 13.72 million. So reintroduce fees, of course, ALP will agree to this to help their ABC.

  34. Dr Faustus

    The road to establishing a commercial value for the ABC is an interesting intellectual exercise – personally, I can see JC’s 2 year advertising lead in model being effective, everything else being equal.

    The real issue however would be finding the political will to make the effort.

    The ABC is not a neutral entity, it is an unashamed political organisation in its own right, with a constituency, ‘traditional values’, an ideological outlook, and plans for the future of Australia. Any attempt to impose unwanted editorial change on the People’s Democratic ABC will be met with the same political resistance as, for instance, attempting to shut down the Greens.

    It lives. And neither of the UniParty players will take that on.

  35. Mother Lode

    The reputation the ABC enjoys for integrity etc is a relic of a time long ago.

    There are two kinds of people who trust the ABC:

    1) Progressives who love to see their ideas not just confirmed on a daily basis, but celebrated.

    2) People who have perhaps watched a few BBC programs, or an episode or two of Spicks and Specks, but get their news elsewhere and ignore some of the more nefarious offerings – and thus do not factor them into their opinion of the network.

    This is the problem politicians face – or rather conservative ones. The left leaning ones want it left as it is.

    To even begin moving against the ABC invites a disinformation campaign, long on innuendo, reporting falsehoods as ‘opinion’ or ‘entertainment’, and collusion with enemies.

    Add to that a lot of Australians assume the ABC is beneficial and, therefore, an attack on it is an attack on something worthy provided for ‘free’.

    It would take a brave politician to try – and we are fresh out of those.

  36. John Constantine

    Looks like a handful of aggressive gotcha interviews on their abc for The Doomlord, then the silence of the gulags.

  37. Chris M

    Rabz it means…? Some sort of gruesome end perhaps.

    In the meantime its funding could be made voluntary, that way the public get to nominate the budget and govt saves political face by avoiding forceful closure.

  38. Chris

    I had some fun in a polite family gathering a few weeks ago. Said family are lifetime doers, I wish I had the character they do.

    One person present had had a park project which had meetings with a lot of unspoken stuff under the surface, and he finally said to the people ‘ What the hell is going on?’
    They took a deep breath and explained that the park was a ‘beat’, a place where gays hung out near a public toilet.

    Leaping at the opportunity to offend, I said “You know the water cooler where ABC staff are supposed to gather every morning to be told what to think? I have been wondering if its located in a courtyard with an arrangement like that.”

  39. Chris

    Rabz it means…? Some sort of gruesome end perhaps.

    Rabz was the Cat commenter who articulated the simple and beautiful program:

    Shut it down.
    Fire them all.

    Which has been elaborated many times with things like step 3:

    Mountain of skulls.

  40. Tel

    With energy generation the “Progressive” logic is that eventually the coal will run out, and we will be forced to use something else so eventually might as well be today and we should be forced to give up coal today.

    Let’s apply the same logic to the ABC: eventually all broadcasting will move to open networks (probably Internet) where viewers can choose to download whatever from a world of possible options, the idea of local radio broadcast or even a national broadcaster is obsolete. Therefore eventually might as well be today, and redirect the billion $ per year into building Internet infrastructure, turn off those obsolete transmitters and re-deploy the spectrum to the highest bidder (probably for mobile networks). Bruce McFarmer can check the weather and grain prices on his smartphone app instead of grinding through hours of country music for 10 minutes of useful updates on the radio.

  41. I realise that there are probably multiple reasons against it, but there exist among us a certain group who find it difficult to read books, but who use Kindle/other format. My visual acuity changes from day to day but I can adjust font size on my reader.
    Just a thought.

  42. Tel

    “OZ’s most trusted source for news etc…”
    What an absolute load of BS!

    A good chunk of the ABC news these days simply gets pasted from Reuters, often without even an author putting their name to it. A lot of money goes in, but not a whole lot of investigative journalism comes out.

  43. Wil

    This will be the book I wish I had written.
    Haven’t read it yet but agree with every word.

  44. Sinclair Davidson

    My visual acuity changes from day to day but I can adjust font size on my reader.

    Yes – my children tell me this is because I have become old. Deaf too apparently. I wish somebody would tell me if I’m getting deaf – but so few people talk to me these days.

  45. H B Bear

    The Australian Broadcasting Corporation is a media colossus with an undeserved reputation for integrity and quality.

    FIFY, In the 1970s it was taken over by neo-Marxists and is now a Green-Left, staff controlled co-op that you are compulsorily required to fund.

  46. Sinclair Davidson

    The Australian Broadcasting Corporation is a media colossus with an undeserved reputation for integrity and quality.

    🙂 Yes. Well.

    Why don’t you wait and see what we say about that.

  47. egg_

    Medicare, the ABC and SBS have no revenue to speak of (except government payments) and large expenses.

    WTF?
    SBS has been advertising for years – what’s its advertising revenue?

  48. egg_

    The Australian Broadcasting Corporation is a media colossus with an undeserved reputation for integrity and quality poor colonial imitation of the BBC.

    FTFY

  49. egg_

    Let’s apply the same logic to the ABC: eventually all broadcasting will move to open networks (probably Internet) where viewers can choose to download whatever from a world of possible options, the idea of local radio broadcast or even a national broadcaster is obsolete.

    It’s VOD – video on demand and the concept has been around for over a decade.

    YouTube now has live feeds of events (Musk rocket launch) as well as a library of stored content – the concept of Broadcasting is becoming antiquated and centrally controlled socialist doctrinaire relics like TheirABC are becoming irrelevant.

  50. H B Bear

    Nice work Prof. If this is the spark that lights the fire that engulfs the ALPBC we’ll even forget about that whole Potential Greatness thing too. OK?

  51. Sinclair Davidson

    The Australian Broadcasting Corporation is a media colossus with an undeserved reputation for integrity and quality poor colonial imitation of the BBC.

    Some might say that but … we discuss the origins of public broadcasting at some length.

  52. ABC News breaking (or will be) –

    “Extreme right academic incites violence against the ABC”

    Be careful Sinclair, the ABC will respond.

  53. H B Bear

    The real test for the continued funding and existence of the ALPBC is, if it didn’t exist would any government create it? Same with the supposed “ethnic” broadcaster Socialist Broadcasting Services.

  54. Chris

    A lot of money goes in, but not a whole lot of investigative journalism comes out

    Sinc, your nefarious crimes against refugees being bulk-shipped to Middle Eastern shithules to have their hands burned on Israeli exhaust pipes is about to be fully investigated and exposed by 3 1/2 Corners.

  55. C.L.

    The Australian Broadcasting Corporation is a media colossus with a reputation for integrity and quality.

    LOL.

  56. H B Bear

    LOL.

    Who wrote that? Emma Alberscreechi?

  57. egg_

    The ABC is not a neutral entity, it is an unashamed political organisation in its own right, with a constituency, ‘traditional values’, an ideological outlook, and plans for the future of Australia. Any attempt to impose unwanted editorial change on the People’s Democratic ABC will be met with the same political resistance as, for instance, attempting to shut down the Greens.

    TheirABC abandoned any semblance of ‘balanced’ reporting on Andrew Olle’s passing.
    Viewers who disagree with their editorial just have to grin and bear it.

  58. egg_

    A lot of money goes in, but not a whole lot of investigative journalism comes out

    Teh meeja event horizon – only Hawking editorial escapes.

  59. Tim Neilson

    There’s an easy way of stopping all this nonsense without violence but none of you have the balls to do it!

    Howard, why don’t you tell us what it is?

  60. Sinclair Davidson

    Be careful Sinclair, the ABC will respond.

    I have no doubt that even as we speak my twitter thread and the Cat threads are being trawled by ABC investigative journalists.

  61. egg_

    I have no doubt that even as we speak my twitter thread and the Cat threads are being trawled by ABC investigative journalists.

    Micallef should pay you for half of his sketches.
    The chick in the red dress has to be a Judith parody character.

  62. The BigBlueCat

    Meh! Just don’t watch it … simples! Let it wither on the vine, as it should.

  63. Louis

    Audio book version? It’s much more easy to find the time to listen than to read. e.g. walking, driving, gardening, ironing, gym, grocery shopping, running

  64. Chris

    I plan to buy the book as a shareholding in the tooth-grinding at the watercooler in the courtyard beat.

  65. Crossie

    This book provides an outline of how policymakers can dispose of the ABC, while at the same time preserving its value and realising that value for the benefit of taxpayers.

    It has no value to most taxpayers, not even marginally by ghettoising the Left. In fact is a force multiplier for the Left.

    I don’t really care how it’s got rid of as long as it is gone.

  66. Chris

    Was it Quadrant or the IPA that had an anti-ABC seminar about 12 years ago? They reported the ABC putting a camera crew in the room but never actually speaking to any person there.

  67. egg_

    This book provides an outline of how policymakers can dispose of the ABC, while at the same time preserving its value and realising that value for the benefit of taxpayers.

    The AGL model sounds good.

  68. thefrollickingmole

    Im sure parts of some of the presenters might be worth something to organ leggers, but its not an “asset” if its siphoning a billion + dollars a year to run.

  69. Mother Lode

    Just don’t watch it … simples! Let it wither on the vine, as it should.

    That was sarcasm, yeah?

    We get taxed whether we watch it or not.

  70. calli

    Sinclair Davidson
    #2683611, posted on April 10, 2018 at 10:38 pm
    It can’t be privatised because no one would buy it.

    For a mere $29.95 you too can discover the answer to that $1000,000,000 question.

    Spoken like a born salesman. I like it!

  71. calli

    I have no doubt that even as we speak my twitter thread and the Cat threads are being trawled by ABC investigative journalists.

    Hi kids! [waves]

    Did you wash behind your ears this morning?

  72. egg_

    preserving its value and realising that value for the benefit of taxpayers.

    Keeping a thousand journos at the trough?

  73. struth

    The book must have something to do with blockchain?
    Maybe we sell it to Soros with Crypto currency?
    He He

  74. Damienski

    Now that His Esteemed Doomlordship and Chris Berg have written the proejct plan, it’s important to keep momentum and establish the project implementation team.

    I nominate Rabz to lead it.

  75. Damienski

    measure twice, cut once.

  76. Tel

    The real test for the continued funding and existence of the ALPBC is, if it didn’t exist would any government create it? Same with the supposed “ethnic” broadcaster Socialist Broadcasting Services.

    Every government wants a mouthpiece to ensure the wonderful benefits of big government are proclaimed long and loud. The details might be a bit different from time to time, but yeah they would certainly create something for the purpose.

  77. Des Deskperson

    ‘SBS has been advertising for years – what’s its advertising revenue?’

    According to it’s 2016-17 Annual Report, SBS received $106.7 million over the reporting period for ‘rendering of services’ Presumably most of this was advertising revenue.

    In the same period, the government – the taxpayer – gave it $281.5 million.

    Whatever the problems with SBS, I was watching Jenny Brokie last night and she is streets ahead of any ABC interviewer/facilitator when it comes to professionals, integrity and courtesy.

    Same with SBS drama. Yes, it usually has an ideological bias, but it is written, directed and acted by people who have some idea of how ordinary Australians talk and behave, unlike the earnest and didactic ABC.

  78. egg_

    According to it’s 2016-17 Annual Report, SBS received $106.7 million

    Presumably related to audience size.
    So if the ABC carries ads, per JC’s scenario, along the lines of SBS – let’s see how much audience share/revenue it can garner, shall we?

  79. dopey

    Soon there will be a Shorten government with a Court of Incorrect Opinions. Anyone found reading a book like this will be looking at a very long stretch. Anyone who wrote such a book, God help them.

  80. Entropy

    Why not give it in shares it to employees in proportion to their remuneration? It’s theirABC after all. Make it in fact rather than just utility. See how long they can operate to preserve their new found wealth!

    Seriously though, first merge ABC and SBS, limit it to one tv channel and one radio channel, and everything else they want to do is streamed. By subscription(s). budget of the combined entity to be limited to the equivalent of the smallest TV competitor (channel 10).

  81. duncanm

    forget selling it – just write it off and give it lock-stock and smoking barrel to the staff.

    They can sink or swim.

  82. sabena

    The ABC subsidy per head of population is approximately $43 pa.If it is to be funded compulsorily that figure would have to rise by a factor of at least 3 to take into account those who are infants or aged and in care.The figure would then rise dramatically if it is a non compulsory subscription service.

  83. Tintarella di Luna

    Hoooray, Well Michelle Guthrie has taken responsibility for Emma Alberici’s economic illiteracy, so that’s OK then is it?:

    STEPHEN BROOK
    Media DiarySydney
    @ViscountBrooky

    Inadequate editorial resources were to blame for the publication of Emma Alberici’s contentious articles on corporate tax, ABC managing director Michelle Guthrie said today as she accepted responsibility for the process.

    “We absolutely take collective responsibility for the failure of our processes to catch the errors before the articles were published,” Ms Guthrie told a Senate Estimates committee hearing today.

    The ABC rewrote both a news article and an analysis article after publishing them in February and deciding they had errors of fact and omission and a lack of impartiality. The ABC is still working through complaints from the prime minister’s office and business leaders.

    Director of editorial policy Alan Sunderland today said he expected some of those would be upheld and some dismissed.

    The managing director said the ABC had moved resource to be as technology and platform agnostic as possible. “As we made those changes I very much take responsibility that we did not put adequate resources in places to maintain the editorial quality we needed across all our platforms.

    READ MORE
    Journalist Emma Alberici at the ABC Radio studios in Ultimo, Sydney. Alberici is the first female correspondent with young children to get a prestigious posting to Europe replacing Rafael Epstein.Alberici tax story’s errors: ABCSTEPHEN BROOK
    “We have really made those changes in a rapid fashion.”

    The ABC had told the senators that problems with the articles were not detected before publication.

    “It is not at all uncommon for stories to be written and an editing process to go through,” Sunderland said. “What’s unusual is that it slipped through our process before it was published and we had to do it full public glare.”

    But he defended the stories as being important and significant, while Ms Guthrie reaffirmed her support of Alberici.

    The ABC produced a timeline on how it came to be in possession of cabinet documents that became known as The Cabinet Files.

    ABC Managing Director Michelle Guthrie says there was a ‘collective responsibility’ over the publishing of Emma Alberici’s problematic tax stories. Picture: Gary Ramage
    ABC Managing Director Michelle Guthrie says there was a ‘collective responsibility’ over the publishing of Emma Alberici’s problematic tax stories. Picture: Gary Ramage
    The journalistic treatment of the files and its decision to return the documents to the government have been criticised.

    “We did our journalism, having done our journalism and satisfied we had done all our reporting that needed to be done and assessed it, our view was we had finished with them,” Sunderland said.

    “We did not leave hundreds of untold stories.

    “We published everything in those documents matters of public importance that the public should know about and did not know about.”

    The ABC said it was “assured” that FOI editor Michael McKinnon’s brother, Allan McKinnon, the deputy secretary Prime Minister and Cabinet, had no role to play in release of the files.

    Guthrie made the ultimate decision to return The Cabinet Files to the government in consultation with news director Gaven Morris, editorial director Alan Sunderland and legal counsel.

    “There were documents that did pose a national security risk and were not in the public interest to publish,” Guthrie said.

    Sunderland defended using freedom of information editor Michael McKinnon and data reporter Ashlynne McGhee to work on the stories and not more experienced investigative reporters from a program such as Four Corners.

    “We had the right team working on that,” Sunderland said.

    When asked why a team from Four Corners, for example, were not used, Mr Sunderland said: “There was no particular reason to get back program teams who were on leave.”

    “I have the utmost respect for both reporters.”

  84. John Constantine

    We will know the pressure is on when Stormy Daniels likes Sinc’s facebook account.

  85. stackja

    In Sydney, 2FC and 2BL served a purpose in the 1930s-1960s. Then someone decided to rebrand them. And the rot set in. Alan Ashbolt lead the way.

  86. Rohan

    Sinclair Davidson
    #2683611, posted on April 10, 2018 at 10:38 pm
    It can’t be privatised because no one would buy it.

    For a mere $29.95 you too can discover the answer to that $1000,000,000 question.

    Look at it from an investors perspective if it were a private sale of an existing Pty Ltd company, and not as a float on the ASX.

    Revenue: +/- $1,000,000,000
    Gross Profit: Zip
    Net Profit: Zip
    Therefore Good Will: Zip

    So it’s total value will be net assets and cash at hand, minus liabilities and outstanding employee entitlements.

    I’ll make a legitimate offer of $0.20.

    And that’s being generous.

  87. H B Bear

    “We absolutely take collective responsibility for the failure of our processes to catch the errors before the articles were published,” Ms Guthrie told a Senate Estimates committee hearing today.

    LOL Even Googles G now knows the place is a staff co-op. I’ve been saying that for years.

  88. H B Bear

    Why bother to sell it? Legislate to allow advertising, throw the keys to the staff and tell them all funding will be withdrawn in 5 years. Over to you …

  89. H B Bear

    When asked why a team from Four Corners, for example, were not used, Mr Sunderland said: “There was no particular reason to get back program teams who were on leave.”

    Shouldn’t that be a well earned break? I hope he corrects the record.

  90. Tim Neilson

    So Sunderland admits it was error riddled….

    But he defended the stories as being important and significant,

    Well that’s all right then.

  91. H B Bear

    Be careful Sinclair, the ABC will respond.

    I have no doubt that even as we speak my twitter thread and the Cat threads are being trawled by ABC investigative journalists.

    That should keep them busy for months. Looking forward to the subsequent Royal Commission once Lady Waffleworth orders it.

  92. bundyrum

    Writing a book that will do nothing about the ABC seems an incredible waste of time to me.
    Maybe it has potential greatness.

  93. duncanm

    Look at it from an investors perspective if it were a private sale of an existing Pty Ltd company, and not as a float on the ASX.

    Revenue: +/- $1,000,000,000
    Gross Profit: Zip
    Net Profit: Zip
    Therefore Good Will: Zip

    Almost correct, but I think you meant
    Expenditure $1B

  94. Kosta Patsan

    Bought it. Can’t wait.

  95. Senile Old Guy

    I realise that there are probably multiple reasons against it, but there exist among us a certain group who find it difficult to read books, but who use Kindle/other format. My visual acuity changes from day to day but I can adjust font size on my reader.

    My vision is fine but I rarely buy actual printed books anymore, usually only reference books, everything else is in digital form. Mostly this is for convenience, although cost plays a role.

  96. The BigBlueCat

    Mother Lode
    #2683979, posted on April 11, 2018 at 11:22 am
    Just don’t watch it … simples! Let it wither on the vine, as it should.

    That was sarcasm, yeah?

    We get taxed whether we watch it or not.

    If it withers, it dies. And it should wither because the gummint should reduce it’s funding, especially if people turn off. I agree, taxpayers are paying for it … but according to Bill Shortone those on pensions or retirement don’t pay taxes anyway (so he’ll keep the franking credits from their dividends)… so they’re getting a free ride!

    IMHO, funding the ABC should be a voluntary fixed charge on your tax return (tick the box, etc). Whatever revenue they get is all they can spend. Bring back television licence fees – that way we can “vote with our feet”.

  97. areff

    I wish somebody would tell me if I’m getting deaf

    The discordant tunelessness of the hosannas you were singing for Lord Waffle should have been the clue.

  98. Squirrel

    The political pain could be reduced somewhat by continued public funding for any activities which the private sector are unlikely to pick up willingly, and maybe a token amount for local productions – but any such funding would be up for grabs in a tender process. A privatised ABC could compete, along with other private broadcasters.

    The ABC brand would have continuing appeal for well-heeled “progressives”, so there should be plenty of opportunities for raising advertising revenue.

  99. Dr Fred Lenin

    The well heeled regressive love the alpbc because it’s Free they pay a tiny amount out of their government salaries the majority is paid for by the people who can’t stand the damned thing that’s socialist normality ,don’t ever go to a leftist convention rattling a tin for charity ,you will get nothing , the left are the most miserable bastards going . When have you ever heard of a socialist millionaire donating a lot of money to a genuine charity ? they might give some to their commo mates so they can make more money but that’s it .

  100. Sinclair Davidson

    The discordant tunelessness of the hosannas you were singing for Lord Waffle should have been the clue.

    Ha! I sing beautifully.

  101. Rohan

    uncanm
    #2684145, posted on April 11, 2018 at 2:30 pm
    Look at it from an investors perspective if it were a private sale of an existing Pty Ltd company, and not as a float on the ASX.

    Revenue: +/- $1,000,000,000
    Gross Profit: Zip
    Net Profit: Zip
    Therefore Good Will: Zip

    Almost correct, but I think you meant
    Expenditure $1B

    I know you’re being facetious, but not really. Expenditure is just how they waste our money.

    As it’s run via a Marxist collective who bash business at every opportunity, where the hell is their revenue stream comming from post privatisation? That’s the goodwill bit. They have none.

    My offer still stands.

  102. Rohan

    Bring back television licence fees – that way we can “vote with our feet”.

    I subscribe to Poxtel and Netflix. I now have to pay for a television license too?

  103. Linden

    Good one Tel, as far I am concerned you nailed it.

  104. And Another Thing

    Maybe you could float the rumour that the ABC is a really expensive coal-fired power station. The leftards might blow it up.

  105. Paul Farmer

    Part of the solution is simply to monetize now what it should be doing in terms of service delivery and set that up as contractual KPI. For example it should provide a service to regional and remote Australia in the form of new and current affairs . You could easily say to a private operator if you provide X,Y,Z in terms of that service then we the public will pay for it for X number of years, but you must conform to the contractual specifications or you don’t get paid (rather then the current model of we just give you the money and you spend as you see fit without any strings).

    This would force all the political bullshit out of it and they then would have to simply deliver a core service. Same could go for a small amount of educational and children’s programming. We the public get exactly what we require and you effectively silence all the communists there.

    Likely too given the State infrastructure of the ABC they might get state governments paying them a fee for localised work also.

    Some people like the content too, so there would be some ad revenue to flow in also particularly if you merged it with SBS. Easily doable…….if a current commercial operator picked it up, good chance they could repackage a lot of their existing material and deliver service with a lot of economy of scales too. Be a god send to make the entire Ultimo building redundant in one foul swoop………

  106. Harald

    Thank you, Sinc. Bought one. Curious to see your solutions.

    No doubt you sent Lord Waffle a copy, right?

  107. Robber Baron

    Let’s face it, the ABC will never be reformed and never have its budget cut. It will continue to have its budget increased and will promote its own agenda. As long as we have spineless right wing politicians that are afraid of the ABC campaigning against them, its power will never be crimped.

    I say appoint Tony Abbott as the next chair and every employee will resign and Abbott can close it down without any fuss.

  108. Harald

    Politicians are cowards when it comes to reforming the ABC.
    Try it. Propose it to them – Abbot, Turnbull, whoever. They’ll sit across the table, cross their arms, lean back and basically say: “Ok, you convince the public of that. And then we’ll jump in front of the crowd to take the credit.”
    Abbott and Turnbull only differ in this: Abbott instinctively, at least, wants to go in the right direction. Turnbull, left to his own compass, would have to be dragged there.
    But neither would actually do this.
    Unless others do a fair bit of pushing and dragging along the way.

    Sinc is doing some pushing and dragging in the right direction here & deserves some credit, IMO.

  109. Percy Porcelain

    No doubt you sent Lord Waffle a copy, right?

    Send one to that Fifield idiot.

  110. The BigBlueCat

    Rohan
    #2684337, posted on April 11, 2018 at 6:31 pm
    Bring back television licence fees – that way we can “vote with our feet”.

    I subscribe to Poxtel and Netflix. I now have to pay for a television license too?

    The point is – if the license fees are reinstated, you can then refuse to pay, and watch all the Poxtel and Nitflux you like – you get to decide. A free market doesn’t mean things are free – it means people are free to determine what they consume and how much they pay for it.

  111. Sinclair Davidson

    Licence fees are not voluntary.

  112. Louis Hissink

    Given politicians only act when the mob’s desires become overwhelming, plus the sad fact that most of our citizenry list badly to port, getting rid of a communal communication facility, which is all it is, after all, is not on the agenda.

    I vividly recall my siblings and parents, and extended family, all acting irrationally when the commerical TV channels ran ads. The response was to immediately mute the sound, and then having to monitor the TV to know when to turn the sound back on. My procedure then was to leave the sound on, get up and go for a leak, or get a drink or whatever, and return to my seat when the ads finished. Selective hearing I suppose its called, or tolerance which the porties lack.

    And then some ads had to be watched for the entertainment value as well – I recall one memorable ad for sunscreen using some Costa Rican lads, with calypso music, extolling the virtues of so and so suncreen for us whiteys, while they only needed sunscreen for the soles of their feet! That ad went down like a lead balloon for some toffy-nosed Doctor’s wife demographic and the ad was subsequently pulled. Shame.

    It is simply not going to happen, no matter what Sinc and Chris argue.

  113. egg_

    The real test for the continued funding and existence of the ALPBC is, if it didn’t exist would any government create it? Same with the supposed “ethnic” broadcaster Socialist Broadcasting Services.

    Every government wants a mouthpiece to ensure the wonderful benefits of big government are proclaimed long and loud. The details might be a bit different from time to time, but yeah they would certainly create something for the purpose.

    Perhaps in the days of the inception the ole Imperial relic of the Air Bair Cair, but today they don’t have to rely on one source of TV/radio/press/internet and their well paid Publicists would have friendlies in the various meeja outlets.

  114. egg_

    Perhaps in the days of the inception the ole Imperial relic of the Air Bair Cair,

    Ironic that the Air Bair Cair would likely back Malcontent on DAAS Republik!

  115. Percy Porcelain

    ad for sunscreen using some Costa Rican lads, with calypso music, extolling the virtues of so and so suncreen for us whiteys, while they only needed sunscreen for the soles of their feet!

    Or the ad with West Indian cricket fans chowing down on some KFC.

    The screams of “Waaaaacist” could be heard in space.

  116. Natural Instinct

    I hope Sinc et al has calculated the NPV of staff pensions and super, and had a buyer indemnified by the feds (taxpayers) against those future costs – bit like the restructuring of GM in the USA.
    Many pensions being defined benefits for life, and the actuaries getting rest-of-life calcs wrong, leads to errors of 100 to 200% and no private company could take them on.

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