The explosive on-air clash may have been the final trigger, but deeper commercial pressures and a failing national expansion had already put the radio juggernaut on borrowed time.
The fastest economic growth in three years has sparked fears of even more rate rises to tackle rampant inflation, that’s tipped to get worse as the Middle East conflict escalates.
The Nightly understands military personnel have been placed on alert for potential government repatriation efforts from the Middle East, despite Penny Wong requesting Australians get commercial flights.
Energy prices have surged after Iran struck a Qatari LNG hub as investors are warned the selling in shares could extend as the Middle East conflict grows worse than expected.
Families paying off a mortgage and struggling workers are now more likely to cut back on fresh fruit and vegetables as the Middle East conflict pushes up petrol prices.