Writedowns are a problem for shareholders but don't immediately affect cash flow. All TV stations have written down the value of their stations in the last 10 years - Nine had to give away its equity to lenders as it was so heavily in debt but the station made a small operating profit but TV network...

Australias most successful and international team - ru serious?? Talk about clutching at straws

Fudging in the NRL - lets see the laughable crowd figures at ANZ stadium when interstate teams play, Roy Masters and Warren Ryan both agreeing that referees orchestrate games for close results for better TV viewing just for starters