It goes from bad to worse for K & JO in Melbourne. NewsCorp has...

It goes from bad to worse for K & JO in Melbourne. NewsCorp has a significant (largest single?) stake in ARN. Yet the NewsCorp masthead newspaper in Melbourne, the Herald Sun, is now even publishing highly critical OpEds regarding the recent (& gross!) 'Womens Toilet' stunt and bagging out ARNs decision to run this $hitshow in Melbourne. Not only that, but Steve Price proceeds to stick the knife in further, by pointing out the recent ratings win for Nova and even calling out, by name, Duncan Campbell for his unwavering support of the Sydney duo.

It would appear as though ARN management are losing the support of at least one of their largest shareholders here.

At what point do certain Board positions become untenable? Because there are clearly some major differences in opinion between this Board and at least one of their major shareholders. Though I suspect every major holder is becoming increasingly concerned with recent events and the share price trajectory.

In media, not all publicity is good publicity!