Australia poised for media mergers after ownership reforms: "Australian media companies Fairfax and News International have lobbied for an easing to ownership restrictions, which limit companies to owning two of the three main media interests — radio, newspaper and television. They argue that cut-throat competition for advertising from Facebook and Google makes reform necessary, while the rise of internet competitors means there would be no loss of media diversity.
Pauline Hanson’s One Nation party also won a commitment from the government to: force the state broadcaster ABC to disclose all staff salaries above A$200,000; legislate to ensure ABC coverage is fair and balanced; and order a review into “competitive neutrality” in broadcasting.
The removal of the “two out of three” rules on cross media ownership could aid a consortium led by Lachlan Murdoch, co-chairman of News Corp, in its battle to take over Ten. Its previous “conditional” offer for the Australian broadcaster was complicated by Mr Murdoch’s ties with News Corp, which already owns radio and newspaper assets in Australia, and may have fallen foul of existing media laws." 'via Blog this'
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