PM rejects rural MP concerns over media law reform

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 3-Jul-15

Prime Minister Tony Abbott says changes to cross-media ownership laws will only be on the agenda if all media groups support reform. MPs in regional electorates have called for the current laws to be scrapped, amid concerns that regional TV broadcasters will be forced to cut jobs and local news services. Meanwhile, Fairfax Media CEO Greg Hywood says the competition regulator should closely examine Ten’s proposed equity deal with Foxtel, due to News Corp’s 50 per cent stake in the latter.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, FAIRFAX MEDIA LIMITED – ASX FXJ, TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN WEST MEDIA LIMITED – ASX SWM, AUSTRALIA. DEPT OF COMMUNICATIONS, PRIME MEDIA GROUP LIMITED – ASX PRT, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, PRESTO ENTERTAINMENT PTY LTD, DOMAIN.COM.AU, NATIONAL RUGBY LEAGUE, AUSTRALIAN FOOTBALL LEAGUE, MULTI CHANNEL NETWORK PTY LTD, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, WIN CORPORATION PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL

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