|
|
Article: Competition And Diversity - ACCC Guidance On Media Mergers.(Australian Competition and Consumer Commission )
- Article from:
- Mondaq Business Briefing
- Article date:
- September 10, 2006
CopyrightCOPYRIGHT 2006 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
In July, Minister Coonan announced proposed changes to the current cross-media ownership and foreign media ownership laws, launched as part of a media reform package. In response, on 9 August 2006 the Australian Competition and Consumer Commission (ACCC) published its views on protecting competition (and possibly diversity) in the context of anticipated mergers in rapidly developing media markets.
In legislation currently intended to come into effect in 2007, the government proposes to:
amend existing restrictions on cross-media mergers in the Broadcasting Services Act 1992 to allow cross-media transactions to proceed, subject to diversity protections, ...