Original article by Lilly Vitorovich, Leo Shanahan
The Australian – Page: 13 & 16 : 16-Apr-20
The federal government has announced a $91m financial relief package for the media sector, which has been hard hit by the coronavirus pandemic. Amongst other things, the government will suspend content quotas for local drama and children’s programs for the rest of the year, while TV and radio networks will collectively receive $41m in tax rebates for spectrum fees. Regional media companies will also receive financial support totalling $50m. However, industry executives had hoped for a further relaxation of cross-media ownership laws and action to force digital companies to pay for content.
AUSTRALIA. DEPT OF INFRASTRUCTURE, TRANSPORT, REGIONAL DEVELOPMENT AND COMMUNICATIONS, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN WEST MEDIA LIMITED – ASX SWM, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TEN NETWORK HOLDINGS LIMITED, FOXTEL MANAGEMENT PTY LTD, AUSTRALIAN COMMUNITY MEDIA, ELLIOTT NEWSPAPER GROUP PTY LTD, PRIME MEDIA GROUP LIMITED – ASX PRT, HT&E LIMITED – ASX HT1