A government report has recommended scrapping most restraints on media monopolies.
The interim report of the federal government’s Convergence Review Committee advises removing the current cross-media ownership restrictions, which stop a single proprietor owning more than two of the three traditional media outlets – newspaper, radio and TV – in one market.
It also recommends removing the rule restricting a TV network’s licence area to less than 75 per cent of the population of Australia.
The report proposes that media company mergers and takeovers would be subject to a “public interest test”, but itself acknowledges that this concept is not well defined.
(Source: The Australian)