AI STIs, CGT, SBS MDs, and OOH's AGM
Welcome to this week's Mumbrellacast, where Abe Udy, Hal Crawford, and Nathan Jolly -- who some are calling the best power trio since Nirvana -- discuss the Federal Budget's impact on the media world, the new SBS managing director, and the job losses and bidding wars at Ooh Media.
We open with the Federal Budget, easily the best 990-page document to be released so far this month. AAP is being given a cool $15m to keep the newswire ticking along, while the ABC and SBS both got their budgets increased. But it's the capital gains tax changes that have start-ups in the media and marketing space…
The skinny
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