ABC NewsMail - Afternoon Edition

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NewsMail Afternoon Edition
Mon 25 Jun, 2012

Top Stories

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Editors quit The Age, SMH

The turmoil at Fairfax continues with the editors-in-chief of The Age and the Sydney Morning Herald both announcing they are stepping down.

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The Drum

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Taxpayers shouldn't bail out private media

The decisions by Fairfax and News Limited to adjust to the highly competitive media climate has led some to claim that taxpayers are not doing enough to support objective media.

Yet Australia is already well-serviced by two very large, and taxpayer-funded, media entities: the ABC and the SBS.

Competition in the Australian media market has never been more fierce. It is incumbent on the owners of businesses to foster changes that yield more commercially tenable models.

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Just In

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Perpetual slashes executive pay

Fund manager Perpetual has slashed it executives' pay as it prepares shareholders for a slump in profits.

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World

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Celebrations in Egypt as Mursi wins presidency

Tens of thousands celebrate on Cairo's streets as Egypt announces Mohamed Mursi as the country's first democratically elected president.

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Business

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Australian banks top global profit ranking

Australia's banks have been judged the most profitable in the world for the second year in a row in an independent global report.

The Bank of International Settlements report shows Commonwealth Bank, Westpac, ANZ and NAB posted pre-tax profits equal to 1.2 per cent of their assets last year.

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Politics

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Asylum seeker accuses Minister of neglect

A teenage Vietnamese asylum seeker has written to the Immigration Minister Chris Bowen accusing him of neglecting his duties as the guardian of children in detention.

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Sport

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Aussies to battle for survival in Wimbledon week one

The ABC's Steve Pearce reports from Wimbledon that the Australian contingent will battle to advance past the first week of matches.

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Science and Technology

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Apple fined $2m over misleading iPad 4G claim

Apple has been fined more than $2 million for misleading consumers by claiming that its latest iPad was compatible with the next generation 4G broadband network.

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Environment

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Palmer seeks permission to pollute reef: Burke

Environment Minister Tony Burke says a nickel refinery is seeking approval to pump waste water into the Great Barrier Reef.

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