News Ltd, PBL merger 'unlikely'
The federal Communications Minister says it is unlikely that media companies News Limited and PBL would be allowed to merge under the Government's planned media law changes.
Senator Helen Coonan has told a Senate estimates hearing she hopes to finalise proposed changes to media laws soon.
In March, the Government released a discussion paper on plans to relax media ownership restrictions. Senator Coonan says the laws will include safeguards making a merge between major companies News Limited and PBL unlikely.
"Well I mean that's not, this is not going to be a legislated outcome ... and the processes are there that will be run by the regulator, so it's not for me to be guaranteeing," she said.
"But my very firm view is that it would be unlikely to be capable of that sort of outcome with the safeguards that I have talked about."
Source: www.abc.net.au, May 23rd 2006
Senator Helen Coonan has told a Senate estimates hearing she hopes to finalise proposed changes to media laws soon.
In March, the Government released a discussion paper on plans to relax media ownership restrictions. Senator Coonan says the laws will include safeguards making a merge between major companies News Limited and PBL unlikely.
"Well I mean that's not, this is not going to be a legislated outcome ... and the processes are there that will be run by the regulator, so it's not for me to be guaranteeing," she said.
"But my very firm view is that it would be unlikely to be capable of that sort of outcome with the safeguards that I have talked about."
Source: www.abc.net.au, May 23rd 2006
posted by Emmeline at 10:13 AM
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