Original article by Dominic White
The Australian Financial Review – Page: 21 : 14-Oct-15
Former Australian Communications & Media Authority (ACMA) executive Michaela Watson says the regulator is likely to approve the proposed equity alliance between Ten Network and Foxtel. She does not expect ACMA to rule that the deal contravenes cross-media ownership laws or would give businessman Lachlan Murdoch control of Ten. He has an 8.52 per cent stake in Ten and fully owns radio group Nova Entertainment, while he is also the co-chairman of Foxtel’s joint owner News Corporation.
CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, NOVA ENTERTAINMENT PTY LTD, NEWS CORPORATION – ASX NWS, ILLYRIA PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN WEST MEDIA LIMITED – ASX SWM