Government prepares to move on reach rule

Original article by Dominic White, Max Mason
The Australian Financial Review – Page: 28 : 2-Nov-15

The Australian Government is believed to be planning to legislate to abolish the so-called "reach rule" before the end of 2015. However, it is uncertain whether scrapping the "two-out-of-three" rule is also on the agenda at present. The Government’s proposed changes to cross-media ownership laws have some support within the Australian Labor Party, although there are some concerns within both the Opposition and the Australian Greens about the impact on media diversity if the "two-out-of-three" rule is abolished.

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AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, PALMER UNITED PARTY, PRIME MEDIA GROUP LIMITED – ASX PRT, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, WIN CORPORATION PTY LTD, IMPARJA TELEVISION PTY LTD

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