Media reform unlikely to be a pot of gold

Original article by Dominic White
The Australian Financial Review – Page: 16 : 6-Oct-15

Citigroup analyst Justin Diddams does not expect changes to cross-media ownership laws to result in industry mergers that will deliver increased value for investors. He argues that any such mergers would be primarily aimed at reducing costs and ensuring the survival of media companies. The Commonwealth Bank’s Alice Bennett says Nine Entertainment Company is the most likely metropolitan network to pursue a merger deal with a regional broadcaster.

CORPORATES
CITIGROUP PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, WIN CORPORATION PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED – ASX TEN, AUSTRALIA. DEPT OF COMMUNICATIONS, FAIRFAX MEDIA LIMITED – ASX FXJ, MACQUARIE RADIO NETWORK LIMITED – ASX MRN, CREDIT SUISSE (AUSTRALIA) LIMITED

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