Original article by Darren Davidson
The Australian – Page: 21 : 29-Sep-16

The Australian Competition & Consumer Commission recently blocked a proposal by Property Media Group to engage in collective bargaining with REA Group and Domain regarding advertising rates for property listings. Property Media Group, which comprises a consortium of 170 real estate agents, has agreed to withdraw its proposal in response to the ACCC’s draft determination in late August. REA Group CEO Tracey Fellows says the listed group supports the ACCC’s ruling.

CORPORATES
REA GROUP LIMITED – ASX REA, DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ, PROPERTY MEDIA GROUP, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS