Monday, March 6, 2023

Murdochs Borrow US$100m From State-Owned Bank Of China

 

  • In a classic case of “do as I say, not as I do”, the Murdoch family has tapped into a US$100 million loan from a Chinese government bank, at the same time as its global media empire is going to war with the Chinese Communist Party.

  • The Murdochs have gerrymandered control over two public companies — News Corp and Fox Corp — and ever since COVID hit two years ago their outlets — such as Sky News Australia, The Australian, Fox News and The New York Post — have become virulent critics of the Chinese regime.

  • However, China has become even more toxic globally in recent weeks given its collaboration with Vladimir Putin, and concerns in Australia have been amplified by its attempts to establish a naval base in the Solomon Islands.

https://www.crikey.com.au/2022/04/01/murdoch-borrows-us100m-state-owned-bank-of-china/

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