Surely Senator Coonan, Federal Communications Minister, looks more of a turkey and lacking any credibility [dare one say intelligence?] by the day. If nothing else confirms that this news this morning as editorialised by Crikey today:
"Another day, another mega media deal. This morning Fairfax announced it was swallowing up Rural Press in an agreed deal that will create “Australasia’s largest integrated metropolitan, regional and rural print and digital media business” valued at $9 billion.
It’s yet more confirmation that the primary outcome of the government’s media reform laws will be significantly fewer and significantly bigger media companies with significantly more influence over the public debate. And it’s a deal likely to trigger even more takeover activity as media owners compete to be one of the few big gorillas left standing when the dust settles in the Australian media jungle."
"Another day, another mega media deal. This morning Fairfax announced it was swallowing up Rural Press in an agreed deal that will create “Australasia’s largest integrated metropolitan, regional and rural print and digital media business” valued at $9 billion.
It’s yet more confirmation that the primary outcome of the government’s media reform laws will be significantly fewer and significantly bigger media companies with significantly more influence over the public debate. And it’s a deal likely to trigger even more takeover activity as media owners compete to be one of the few big gorillas left standing when the dust settles in the Australian media jungle."
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