Yesterday, Fairfax's top editors resigned as the company continued its push into the online era. That's created a new power triumvirate of Greg Hywood, Garry Linnell and Jack Matthews.

Seven Group chief Kerry Stokes is looming as the wildcard in the battle for Australia’s pay TV industry, with reports today suggesting Stokes could take on Rupert Murdoch by launching a counter offer for James Packer’s pay TV group, Consolidated Media.

On Insiders yesterday, Bob Carr made some very careful statements on Julian Assange designed to give the government cover, but he made some highly dubious and simply false assertions.

Fired-up Fairfax journalists are recruiting celebrities, sports stars and political heavyweights in their last-ditch battle to force major shareholder Gina Rinehart to commit to refraining from influencing the company's editorial content if she wins seats on the board.

Julian Assange's request for asylum in Ecuador has been strengthened by a letter from Greens Senator Scott Ludlam supporting his case that he has been effectively abandoned by the Australian government.

Kim Williams' video to staff yesterday, announcing radical surgery at News Ltd to keep the patient alive, displayed a brilliant bedside manner, especially when it came to telling staff that some of them would regrettably have to go.

If you ever wondered how much the Packers made from winning the Super League war in the 1990s, you need look no further than today’s $1.97 billion bid by News Ltd to take over Consolidated Media Holdings.

News Ltd CEO Kim Williams is having the biggest day of his career. The man's already launched a $1.97 billion takeover of James Packer's Consolidated Media Holdings and, after breaking for lunch, will tell staff about his plans for a major restructure of the business.

Eight years ago, then-Fairfax chairman Dean Wills invited me to his sprawling Sydney home to ask me to think about the future of his company's broadsheet newspapers. Spend a month or two, he proposed, write a report and present it to the board.

Welcome to the future, where two thirds of Australia's print media will be owned by Rupert Murdoch and the other third will be controlled by Gina Rinehart.