Fairfax, Nine plan to bypass laws

Original article by Jake Mitchell
The Australian – Page: 19 & 22 : 6-Dec-16

Fairfax Media and Nine Entertainment Company are said to have held further talks regarding potential asset sales, although they are not believed to be close to finalising a deal. Several options are believed to be under consideration in order to avoid any such deal being blocked due to the "two-out-of-three" rule. The Federal Opposition and the Australian Greens oppose abolishing the rule, while some media groups regard a further reduction in TV broadcasting licence fees as a higher priority than changes to cross-media ownership laws.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, DOMAIN.COM.AU, MACQUARIE MEDIA LIMITED – ASX MRN, 2GB, CREDIT SUISSE (AUSTRALIA) LIMITED, UBS HOLDINGS PTY LTD, MACQUARIE CAPITAL PTY LTD, STAN ENTERTAINMENT PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, NINE LIVE PTY LTD, AFFINITY EQUITY PARTNERS (AUSTRALIA) PTY LTD, WIN CORPORATION PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL

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