Turnbull tells media industry to find consensus before changes to reach rules can be made
Malcolm Turnbull speaking at today’s event.
Communications Minister Malcolm Turnbull has said the government will not pursue changes to the much-debated media ownership rules until “more consensus is achieved” between executives from the major companies.
In a speech to the Newspaper Works Future Forum this morning Turnbull confirmed the much-anticipated rule changes, which would see the path cleared for a series of mergers in the industry and were originally signalled to go through this year, admitted that whilst there is a need for change, it cannot happen whilst there is “self interest” in the market.
Whilst Nine Entertainment Co, Network Ten and News Corp have all come out in favour of abolishing the “two out of three rule”, which prevents media companies from owning TV, radio and print assets together, Seven West Media’s chairman Kerry Stokes has said he is not in favour of the change.
