Industry consolidations finally set to begin as media reforms pass last Parliamentary hurdle

October 16, 2017 5:01

The House of Representatives today passed the amendments to the Federal government’s broadcast reform bill, overcoming the last barrier to the changes becoming law.

The move is widely expected to trigger a wave of industry of consolidations over he coming months. The final significant hurdle to the reforms was overcome last month when the government persuaded crossbenchers in the Senate to vote for the changes in return for the creation of a media innovation fund and closer scrutiny of the ABC.

In his media statement announcing the final vote in the house of Representatives, communications minister Mitch Fifield praised the industry’s united front in supporting the changes while blasting the Labor Party for its earlier opposition to the bill.

Fifield: Claims his reforms give the local media a ‘fighting chance’

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Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

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1 COMMENTS

Investor 17 Oct 17

Let’s see what “consolidation” comes. My bet: not much. Unless of course foreigners are allowed to buy the lot. In which case Nine and Seven will be taken out. Fairfax probably not so much.

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