Thursday, September 4, 2008

Harsh Headline

Monday, September 1, 2008

Political Daughters

Of course all those senior journalists and editors who self-importantly and ostentatiously held back on non-political news about young Ms Blair will do the same for young Ms Palin? It is the same principle right? They will won’t they?

Monday, August 18, 2008

Don’t Know About Guardian Polling

Fresh from underestimating how much their editor makes (the paper reported Alan Rusbridger making £143,000 less than £544,000 the annual report stated) they have just reported the polling intentions of 101% of the population.

Ladies and gentlemen, the ever reliable Grauniad…

Thursday, August 7, 2008

Labourgraph Spinning for Brown

Yesterday a number of co-conspirators emailed to draw attention to the Labourgraph story about Milburn being offered the Chancellor-ship by Miliband. Guido ignored the story because he thought it was transparently crap.

The rebuttals are now in and they are clear “absolute bollocks” from Milburn and “work of fiction” from Milband. If this is the Brownies being clever it is idiotic, it was written by journalists known to be sympathetic to Gordon. Rosa should really go back to the Mirror, she is trying single-handedly to stand up her story today with not a single on the record quote. Laughable. Sooner or later the Barclay brothers will realise their newspaper’s brand and culture is being destroyed – along with the profitability.

UPDATE : Rosa is denying all the suspicions on the Labourgraph blog.

Thursday, July 31, 2008

Disquiet Grows About Hypocritical Guardian’s 4.99% Tax Rate

The Telegraph’s city pages have caught up this morning with Guido’s revelation yesterday that GMG, the owners of the Guardian, perfectly legally had an effective tax rate of 4.99% after taking advantage of a tax holiday last year despite making a headline profit of £300m from the disposal of 49.9% of Auto Trader.
The hypocrisy of them attacking Tesco for tax avoidance when they themselves pay an even lower rate of tax is laughable. (They are currently in the libel courts and look like they are going to lose to Tesco having already admitted their story was bollocks).

The Telegraph quoted Grant Thornton’s senior tax partner Mike Warburton saying: “Guardian Media Group has enjoyed a tax holiday courtesy of some very helpful rules introduced by their friend Gordon Brown. They are taking full advantage of the relief legally available to them, which all businesses should do. That’s fine, but don’t knock people who do exactly the same.”

This is almost as much fun as Polly hypocritically banging on about airplane carbon emissions before hopping on a flight to her Tuscan villa. See Richard Littlejohn’s fantastic bitch-slap here

Wednesday, July 30, 2008

Guardian Underestimates Fat Cat Editor’s Package

Must be tricky reporting the compensation package of your fat cat boss – could be a career choice moment. Here is how Stephen Brook, press correspondent for the Guardian handles it:
GMG Execs’ Salaries Revealed

The Guardian editor-in-chief, Alan Rusbridger, received total salary and benefits of £401,000 in the past financial year…

Which is odd because the annual report released this morning says Alan Rusbridger gets £401,000 in salary/fees and benefits in kind* plus £143,000 employer’s contribution to his pension. A total of £544,000 as reported on this blog this morning…

*The benefit in kind is not what you think, she denies it. Guido believes the minx.

Guardian Lost £26.4 Million Last Year

Guardian News & Media (GNM), publishers of the Guardian and the Observer increased operating losses to £26.4m. The parent owners GMG would also have reported operating losses of £24.8 million were it not for the £334.8m sale of a 49.9% stake in Auto Trader, to Ronnie Cohen’s evil capitalist private equity vultures, Apax Partners. The online arm’s separate Guardian Unlimited identity has been dropped (it was more unkindly known by some as “Guardian Unlimited Losses”).

Incidentally the annual report reveals they paid £15.3 million in taxes last year despite claiming a group profit before taxation of £306.4 million after the sale of Auto Trader. GMG have always been adept at using the Scott Trust and other dodges to minimise tax charges. Guido congratulates them on achieving an effective tax rate 4.99%. Remember that the next time Polly Toynbee calls for higher taxes and everyone to pay a fair share.

Controversial Smith Institute trustee and Chairman of the Guardian Media Group Paul Myners warned: “We expect the uncertainty within the UK economy to have an impact on a number of the group’s revenue streams in the coming year.” Translation : we will lose more money next year.

Incidentally, Guardian editor Alan Rusbridger got by on a total compensation package of a mere £544000 up from £473,000 last year. A 15% increase as a reward for losing £26.4 million – no belt tightening for him.

Handy having your friends, rather than shareholders, decide your pay isn’t it?

Tuesday, July 29, 2008

Is it Silly Season Yet?

Saturday, July 26, 2008

Mirror Does Dave a Favour, Yeah Right…

Guido isn’t the only one suspicious of the Mirror’s recovery of Dave’s nicked bike, plus their fortuitous video footage of him looking stunned when it was nicked. They have been following him around on his bike in the past, videoing him jumping red lights. They have also rooted around in his dustbins to find out if he used disposable nappies.

Wouldn’t be a great leap of the imagination for them to come up with the “nick his bike” wheeze – would it? This is the paper that put faked up photos of British soldiers abusing Iraqi prisoners on the front page…

Friday, July 25, 2008

New York Times Mediasaur Downgraded to Junk

Warren Buffet famously said the internet was good for capitalism, not capitalists. The New York Times is supposedly the world’s premier newspaper and is learning the meaning of that truth. The internet will kill newspapers, Guido has been telling sceptical dead tree hacks this for years. The Guardian’s expensive shiny new HQ being built in Kings Cross will be a museum eventually. This affirmation has come across the wire

NEW YORK (Standard & Poor’s)– Standard & Poor’s Ratings Services today placed its ratings for The New York Times Co., including the ‘BBB-‘ corporate credit rating, on CreditWatch with negative implications.

Just in case some old hacks from the non-profit sector of journalism don’t understand what that means, Guido will spell it out slowly – the “Gray Lady” is going to non-investment “junk” status. J – U – N – K. 98 Pulitzer prizes, “All the news that’s fit to print” and they are trying to cut costs to survive. Blogalypse.

The Dead Tree Press is a dead industry walking. It is not a twenty first century business model: slaughter half a forest of trees, pay NUJ rates for news gathering, sub-editing, laying out, employing friend’s children, transferring ink onto aforesaid trees, then pay people to work all night sending the slices of dead trees around the country in the dark on lorries. Finally when you get to the point of collecting some money, split the sales revenue with the people who take the money. It is laughable.

Last year the Guardian, Independent and Telegraph all lost money, there is a good chance they will repeat the feat again this year. That is not business, that is vanity publishing.


Seen Elsewhere

Revealed: Guido Fawkes Anniversary Dinner Guestlist | Peter Oborne
More Owen Jones Errors | Michael Ezra
Why Should Men Get Equal Maternity Leave? | Laura Keynes
Dentists Have Last Laugh Over Sneering Keynes | FT
Why’s Clegg Giving Men Paternity Leave? | Conservative Women
Cam Cannot Stem EU Immigration | David Keighley
9 Mansion Tax Questions for Ed Balls | TPA
Politicians are Lying to You About Immigration | Alex Wickham
Give Journalists Public Interest Defence in Law | Guardian
Cameron is Going to Have to Deal With UKIP | Dan Hodges
Opinions on Key Issues By Constituency | Red Box


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Chris Bryant talks to the Times Diary about a famous gay actor:

“I don’t think I’ve had sex with him. He says we had sex in Clapham. I’m fairly certain I’ve never had sex south of the river”



Progressive Inclusion Champion says:

Great to hear Carswell call for inclusive policies and that UKIP must stand for first and second generation immigrants as much as the English.


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