News Corp ‘officially unAustralian’
News Corporation completed the final paperwork to shift its headquarters to the United States on Friday, finally making its status as an unAustralian company official.
News, which definitely does not publish The Daily Ripper, said it had one of its gun sub-editors dot the i’s and cross the t’s on its trans-Pacific move.
Corporation dictator Rupert Murdoch, himself officially unAustralian after taking out US nationality in a bid to expand his global reach, said there would be no looking back.
“We’ve long been accused of ignoring Australian interests and focusing on making a buck in the big leagues in the US of A,” Mr Murdoch said.
“Now all that rubbishing and condemnation can end because we’ve confirmed it. We are putting profit ahead of company history — and News Corp is moving into the brave new world as an unAustralian company.”
Murdoch said the company would form a committee to consider whether to rename its flagship newspaper in Australia to reflect the latest move.
“We might publish a newspaper called The Australian but we’ve been unAustralian at heart for a long time now,” Murdoch said.
“We’ll take a look at the naming issue once our new structures are firmly in place.”
Shareholders agreed to the move away from the company’s Adelaide base last month but not all of them are happy.
Shareholder activist Stephen Mayne said the News Corp move was a disgrace because the company clearly did not intend to buy out his Crikey website for a million-dollar sum.
“I’ve spent my life savings buying five shares in News Corp just so that I can rock up to their AGM every year and what does Rupert do for me? He won’t even put in a bid for Crikey to stop us from bagging him,” Mayne said.
“Now I won’t even be able to afford to go to the News AGM to stir up trouble, since it’ll be just outside New York, not in Adelaide.”
Adelaide Lord Mayor Michael Harbison said he could not fathom Murdoch’s thinking either.
“It’s just insane,” he said. “Why would you want to base your company anywhere near New York? I mean, there’s a lot less chance of News Corp becoming a terrorist target in Adelaide.”
News Corporation will hope to emulate the recent success of building products company James Hardie, whose move to the Netherlands means that any Australian court rulings in relation to its asbestos compensation liabilities may not be enforcable.
“If News Corp’s move manages to save its butt in the way James Hardie’s has, then this will go down in corporate folklore as Rupert’s best move yet,” said analyst Wal Street.
