One of Australia’s most successful progressive media proprietors, Morry Schwartz, is getting back on the tools.
The band behind Schwartz Media’s success is breaking up, as the company’s longstanding chief executive Rebecca Costello moves to a cross-town rival.
“The only way to do it was to make money elsewhere, so I made money in property. I don’t do much of it any more,” Schwartz said.in 2014, then-communications minister Malcolm Turnbull quipped Schwartz was “not some demented plutocrat pouring more and more money into a loss-making venture that is just going to peddle your opinions”.
“It feels that the country needs healing,” Schwartz said of the referendum’s result,“we will try to just promote decency and centrism.”“It’s highly complex, and highly emotional subject,” Schwartz said. “My life is private, and I keep it that way. I don’t think anyone really does know my positions. They’re complex,” he said.
Schwartz denies the decision was related to heightened turmoil in the Middle East. He said the essay became out of date “because of all the judicial overhaul business .”Costello, who has been crucial in driving Schwartz Media’s commercial product, leaves at an important time for independent media, with a depressed advertising market and consumers having less spare cash for subscription journalism.
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