TITLE

OZ LAWS LIGHTEN UP

AUTHOR(S)
Chai, Paul
PUB. DATE
July 2006
SOURCE
Daily Variety;7/13/2006, Vol. 292 Issue 7, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that a free-for-all for foreign companies who want to buy Oz media assets is closer to success after the conservative government agreed to scrap protectionist media laws that will restrict foreign ownership. Current media laws restrict newspaper, radio and television groups in the same city to a 15 percent stake in each other. Under the new rules, newspaper and television companies can merge so long as a minimum number of media companies continue to operate.
ACCESSION #
21622356

 

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