Connect to the business of music
Home Homepage Slider Media ownership reforms may occur in 2014

The Australian media landscape may be set for a massive upheaval in the next few years, if Federal Communications Minister Malcolm Turnbull’s proposed changes for the media ownership laws come to pass.

“We’re just working through a period of consultation and we hope to come to a landing on any changes to ownership-related issues by the end of the year”, Turnbull told The Australian.

The regulation that will have the biggest impact on the radio sector is the ’2 out of 3′ rule, which currently prevents a single corporation from owning more than two of three properties – television, newspaper and radio – within a market.

Should these ownership laws be softened, or lifted altogether, we may see significant changes in the marketplace, as companies divest and scramble to purchase – or sell – major media properties, including radio stations or networks.

 

 

2 replies to this post
  1. Let’s guess how this might work out… Murdoch gets whatever he wants and the public maintains it’s perfect record of getting shafted for 60 years straight. Turn off your TV sets. It’s the only way anything might change.

Post a Comment

Similar articles

About 31% of Australians see the internet as an entertainment channel than an information superhighway. But that rises to 52% in the 14-24 age...

This week sees Ed Sheeran’s Thinking Out Loud holds #1 for its second week on the Shazam 100 while Lilly Wood & Robin Schulz’s...