Original article by Dominic White, Max Mason
The Australian Financial Review – Page: 5 : 2-Mar-16
The Australian Government has confirmed that its cross-media ownership reforms will abolish the "reach rule" and the "two-of-three rule". However, Seven West Media has criticised the Government for not reducing TV broadcasting licence fees, while Foxtel CEO Richard Freudenstein argues that changes to the anti-siphoning list for sporting events should have been part of the reform package. Communications Minister Mitch Fifield has indicated that the latter may be subject to change in the future.
CORPORATES
AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, SEVEN WEST MEDIA LIMITED – ASX SWM, FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ