long term business model in doubt, page-7

Excellent ABC, you nailed it.

However, I am not quite as optimistic as you for CAB. I can clearly see a way to destroy CAB business model. It is not going to be regulatory measures though. In fact, the stupid ACCC measures would actually help CAB survive longer than it should. Left to market forces. a smart competitor with the correct app will kill CAB.

The question now is whether CAB will adopt measures that will kill its current business model, but ensure its survival for the long term. It is best placed to leverage its current position. Kermode stepping down is a right step. In fact, i want the whole board to go. Otherwise, this will be another Fairfax.