ABC Board has been smashed recently. After the surprise departure of ABC’s EX-Managing Director Michelle Guthrie halfway through her five years term, Chairman Justin Milne has been called on to resign on the revelations addressing his involvements with the government.
Today, 27 September 2018, Morrison Government placed inquiry on Justin Milne to seek clarification on political interferences in ABC. But it was not all, as Mr Milne hit dual inquiry which brought Senate into action.
The whole issue revolves around the political interferences in ABC which came into notice after the revelations of email sent by Milne to Michelle Guthrie that read that the high-profile journalist Emma Alberici should be sacked as “They (Coalition government) hate him.”
The Labor and Green dominated Senate enquiry was held to examine if Mr Milne has unduly pressurized the ex-managing director Michelle Guthrie to sack the economics correspondent Emma Alberici and to take similar action against several ABC journalists, just in favor of Coalition Government led by former Prime Minister Malcolm Turnbull.
Initially leaving things on ABC Board, Australian Government also decided to go into the roots of the matter as it greatly involves the interest of the public and ABC employees. Communication Minister Mitch Fifield declared that the Department of Communications secretary Mike Mrdak has been appointed to conduct a separate investigation into allegations charged on Mr Milne.
In a statement in which Mr Milne did not deny the allegation but stated that it’s the duty of ABC board to work independently in the best interest of the public and corporation. He said that he is not going to provide a day-to-day discussion of Board which works to maintain the highest standard of content in the best of interest. In defense of the allegations, Mr Milne continued to back all the decision taken by the ABC board and said that the Board will continue to work in the same fashion as it always did.
ABC staff dragged the matter to the Sydney streets with the banners that read “No Political Interference” and “Hand Off ABC”. Eminent figures of the journalism industry have also been seen demanding Milne to set aside, citing ABC’s inappropriate involvement with previous government.
It has been heard that Board has already discussed that more humiliating information may be revealed following Ms Guthrie’s exit.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.