Excuses given for Channel 10’s financial woes include “onerous” programming contracts with CBS and 21st Century Fox, increased content competition from online streaming services, and advertising competition from Facebook and Google.
All true. What is not said is that Channel 10 is the first Australian domino to fall in what is the oncoming collapse of the fake news MSM in Australia. People simply don’t trust the politically correct, virtue-signalling Cultural Marxists chosen to lie to us on a daily basis, so they are turning elsewhere.
Thus, we have The XYZ Effect.
The XYZ, 1 : Channel 10, 0.
The ABC may not be next, given it doesn’t have to follow normal economic rules like making more money that it costs to run, but the ground beneath it is getting shakier.
It would be remiss of us to exclude the other key factor in Channel 10’s demise:
Waleed Aly is a total goon.
It’s your XYZ.