ACCC estimates deals under News Media Bargaining Code total over $200m

March 2, 2022 9:01

At the second day of the public hearings yesterday by House of Representatives Standing Committee on Communications and the Arts on the adequacy of regional news, the News Media Bargaining Code (the Code) was again discussed, with many acknowledgments it was not, nor was intended to be, a “silver bullet”.

The Australian Competition and Consumer Commission (ACCC) executive general manager, digital platform branch Tom Leuner said: “We know many deals have been struck because of the existence of the Code. If it weren’t for the Code, we don’t think those deals would have been struck. We don’t have a monitoring function in relation to the exact dollar quantum of those deals. But a strong sense, based on preliminary analysis, it’s $200 million upwards potentially.

Tom Leuner

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Anna Macdonald

Anna Macdonald was a Mumbrella journalist, covering news, creative, ad standards and campaigns. She left Mumbrella in April 2022.

Topics

ACCC Australian Competition and Consumer Commission Cathy Rainsford Clare O'Neil Department of Infrastructure Transport Regional Development and Communications House of Representatives Standing Committee on Communications and the Arts James Penprase Mandi Wicks News Media Bargaining Code Pauline Sullivan SBS Tom Leuner