News Corp’s acquisition ambitions could be hindered by ACCC: Michael Miller
News Corp’s ability to collect other media companies would be restrained by the competition watchdog and shareholders with their hands in a number of pockets, the organisation’s local executive chairman, Michael Miller, has contended.
Miller admitted to the crowd at Mumbrella360 that since the government’s media reforms passed, various companies had flirted with the prospect of buying and selling, but there would still be a number of significant barriers to News Corp’s expansion.
Miller presented at Mumbrella360 this morning
“At the moment there is a lot of dancing,” he said.
Michael Miller says “I’d love to have 95% of media in this country but it would never happen…” They have 100% of newspapers in certain markets in Australia.
what’s your point? Owning 100% of newspapers in certain areas is not remotely close to having 95% of media in the country.
That’s like saying the guy who owns the only Hardware store in a specific country town has a monopoly on hardware stores in Australia.