Bolt: Is Rinehart’s Ten investment aimed at turning it into an Australian Fox News?

The Ten Network may become a vehicle to promote the commercial interests of the mining industry, News Ltd writer Andrew Bolt has claimed.

In his column today, Bolt claims to have inside information – although he says he can’t disclose the source – on the intentions of mining billionnaire Gina Rinehart who this week unexpectedly bought a 10% stake in Ten. Raising the possibility of a news operation similar to the conservative-leaning Fox News in the US, Bolt says:  

“My strong and not entirely uninformed hunch is that much bigger issues are at play involving our country’s future and threats to the wealth we’ve taken for granted.

“I can’t disclose just why I suspect that, but read for yourself a clue in the terse statement put out by Rinehart’s Hancock Prospecting on Monday: ‘Our company group is interested in making an investment towards the media business given its importance to the nation’s future and has selected Channel 10 for this investment.’

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