FOR someone who probably wears Spandex, Boy On A Bike is a very astute fellow. That would be enough to stop him working at the Silly Moaning Imperilled, where being a dill has long appeared to be a condition of employment.
In an effort to remedy the consequences of this policy, Bike Boy picks through Fairfax's grim numbers and administers a lesson in accounting to reporterette Josphine Tovey.
UPDATE: When you think about it, Tovey is probably too young and unworldly to understand amortisation, which several commenters have noted is what she means by "depreciation". Her story also fails to note that, regardless of the squirt unit's residual value (if that is the way she insists on regarding it), it will remain capable of giving ferals a bath for many decades into the future.
If Fairfax wishes to cut costs by hiring children, fair enough. But were there no adults in the editors' ranks who could look at her story and twig to its stupidity? Apparently not.
A FURTHER FAIRFAX UPDATE: A gossipy sort who asks not to be identified nor quoted directly, writes that 3AW's Neil Mitchell used his address to a media industry luncheon in Melbourne on Tuesday to express a lack of faith in his boss, CEO Greg Hywood. Mitchell, according to the Billabong's correspondent, asserted that Hywood understands neither the company he runs nor how to stablise his newspapers' sales, which Hywood has dismissed as no longer such a big deal.
What a strange and peculiar company!
Anyone who attended the lunch and can confirm, expand or correct what Mitchell is reported to have said is invited to do so in comments.