Media Law Shake-Up Unlikely To Happen Until 2016

Media Law Shake-Up Unlikely To Happen Until 2016
SHARE
THIS



Those hoping the Turnbull governments’ much-vaunted talk about a shake-up in the media ownership laws would happen anytime before Christmas are going to be disappointed with news today that nothing will happen until at least the first quarter of 2016.

Apparently, the government has bigger issues on at the moment – see terrorism and national security – and have put any proposed changes on the back-burner. The changes were to be discussed in a cabinet meeting this week.

Fairfax Media is this morning reporting that the earliest the “two out of three rule” would be debated would be late December meaning any changes would not be ready until Parliament returned in the new year. The rule means a media company can’t own a TV network, newspaper and a radio network in Australia.

This is bad news for the media players who are already jockeying for positions with the bigger players reportedly eyeing regionals particularly in TV.

It is also understood that the federal government is looking at the enormous license fees that the free-to-air stations have to pay. Seven, Nine and Ten claim the fees are unfair as they are not paid by their new SVOD competitors such as Netflix.

Too, the free-to-air players believe that the cost of the fees means there’s little money left over to make drama shows – a costly affair if things don’t rate – and this obviously has a number of spin-off consequences to local production houses.

Arguably the first to move in any media shake-up would be the German-owned Bauer Media who is reportedly eyeing up Southern Cross Austereo. While Fairfax Media is also reporting that a number of local media firms could be making themselves particularly attractive to overseas buyers due to the plummeting Aussie dollar.

 

 

 

 

 

Latest News

Kyle Sandilands and Jackie Henderson (Kyle & Jackie O) from KIIS at the 2015 ACRA Awards
  • Media

Kyle & Jackie O Crowned Best On-Air FM Team At Commercial Radio Awards

KIIS 1065 breakfast duo Kyle Sandilands and Jackie “O” Henderson have won the Best On-Air Team (Metro FM) category at the 30th Australian Commercial Radio Awards (ACRAs). Held on Saturday night at the Melbourne Exhibition and Convention Centre, and hosted by The Chaser’s Chris Taylor and Andrew Hansen, the ACRAs celebrated the best and brightest talent in […]

Digital Asset Management Solution Collaboro A Natural Fit With Open Data Initiative
  • Technology

Digital Asset Management Solution Collaboro A Natural Fit With Open Data Initiative

Digital asset management solution Collaboro claims its offering is a natural fit with Adobe’s, Microsoft’s and SAP’s new Open Data Initiative, as more organisations centralise their data on a single platform to improve their customer management and improve marketing performance.   According to Warwick Boulter (main photo), co-founder and CEO of Collaboro, a leading full-service solution for managing enterprise-level […]