Apologies if this has already been posted, but I don't recall having seen it. It's a research report on Newsat by DJ Carmichael available from Newsat's website.
For people not familiar with Newsat its a really good summary of the company.
It's been a very long time since I've seen any analyst interest in Newsat.
http://www.newsat.com.au/Company/anaylst-reports.html