I’ve been interviewed by the 7:30 report regarding the resignation of Bob Mansfield, the Telstra chairman. Unless something more newsworthy bumps it, some of the interview should go to air tonight. Those who don’t care about the visual component can read my general views on Telstra here, here and here.
On the proposal that led to Mansfield’s downfall, that Telstra should buy Fairfax, my reaction is “What were they thinking!?” Obviously the majority of the board could see howinappropriate this idea was for a company owned by the Federal government and directly controlled by the shareholding ministers. But even if Telstra were fully privatised, it would be a terrible idea for a major regulated monopoly to own large chunks of the press or, as in the previous proposal to buy Channel 9, TV.