It actually went something like this...

Update:  hey, it has to be noted that it seems Paul Keating was sitting on one side of Murdoch last night, and Abbott on the other.  (And Shorten and other Labor identities were there too.  Not Whitlam, I presume, who I assume would have torn up an invitation if he had the strength.)  

I can't recall what Keating's view of Uncle Rupert is, but I am surprised that such a large Labor attendance was there for a paper which has become a mere Right wing blog.

I see Kathryn Murphy was pretty scathing of Abbott's speech:

The most powerful person in Australia (that's Abbott, the prime minister, not Rupert) was just delighted to have scored an invitation to such a glittering party with so many powerful powerful people.
[Having worked at The Australian for a couple of years, and been treated very decently by the people running the paper while I was there, I of course wish the paper the best for its anniversary.]
But Abbott's speech struck a bizarre tone. He is the prime minister.
He is the powerful person. From his disposition you would not have understood the hierarchy.
The prime minister loved The Australian. Under its editor in chief Chris Mitchell, the national broadsheet was one of the great newspapers of the world. It was Australia's only national paper. (Sorry, Financial Review. Apparently you don't count.) Murdoch had changed the world. Truly, that's how it was.

That Abbott thinks the Australian is a "great newspaper of the world" under Mitchell is pretty hilarious, even by the standards of having to say something nice about a host at a big dinner.