Wednesday, May 17, 2006

Miner story

The Beaconsfield Miners were rescued last Tuesday morning and returned to the surface moments before 6am. Since then, despite a couple of media appearances, the world has been waiting to hear their story. But there was a small issue of a media deal to be brokered first - and that now seems to be in place. Reports I've read suggest the miners have accepted a deal worth $2 million from Publishing and Broadcasting Limited (Channel 9, Woman's Day, Bulletin) and coverage will start with a two-hour interview program in prime-time this coming Sunday evening. Good on them - and doubly so if there is any truth to rumours of them setting up a Foundation to help share the proceeds with the Beaconsfield community.

1 comment:

Anonymous said...

After the tax man I don't think there will be much left over for a 'foundation'. This deal money is treated as income and at that amount the tax rate is 0.47c in the dollar.

But still over a million bucks is better than nothing.

TK