Dec 3, 2012

Conroy sets the scene for new round of media consolidation

The government has opened up the television industry to a major round of consolidation as it responds to the Convergence Review. Broadcasters should be thrilled, reckon Bernard Keane and Glenn Dyer.

For an industry struggling with debt burden, poor management and flat revenue, Friday afternoon’s announcement by Stephen Conroy of new content, licence fee and ownership rules is the best possible Christmas present. With one announcement, the government has significantly boosted the value of commercial television licences and paved the way for a last major media industry consolidation.

The package, which constitutes the first and least problematic stage of the government’s response to its Convergence Review, makes permanent the current commercial television licence fee rebate first announced ahead of the 2010 election, imposes an Australian content requirement on multi-channels, continues the ban on a fourth TV network and will remove the “75% rule” that prevents networks from reaching more than 75% of the population.

Free Trial

Proudly annoying those in power since 2000.

Sign up for a FREE 21-day trial to keep reading and get the best of Crikey straight to your inbox

By starting a free trial, you agree to accept Crikey’s terms and conditions


Leave a comment

7 thoughts on “Conroy sets the scene for new round of media consolidation

  1. Matt Steadman

    Arhgrhrghrg Crikey please please please learn to spell “Austereo”! It’s a small point, but it’s as odd as reading a media article about “Fairfex Media” or “Lachlan Murdok”

  2. Suzanne Blake

    Fairfax needs a new Chair, someone not involved in the RBA Securancy issue

  3. John Bennetts

    I guess that the unstated assumption is that NBN in Newcastle will go with Channel 9.

  4. zac48

    Warning. Warning….Fascist Alert!!!!

  5. zac48

    Why won’t somebody ask Conroy what would have happened to his 20th.century technology hanging off 19th. century ‘lamp’ posts down at Warrnambool last week. They couldn’t have even sent out for a pizza. ‘Wireless’ is the way of the future, not landline, optic fibre or not….What can’t you live without. Your mobile phone, or your landline. Doh!

  6. Mike Flanagan

    The NBN is a bit more than a vehicle to spread the internet. The opportunities the NBN offers in data transfer, analysis and command structures in the electricity industry distributioin, sales and invoicing alone, would probably swamp a wireless spectrum without offering the security the fibre does.

  7. green-orange

    Terrestial TV audiences are continuing to grow ; thats why those US funds stupidly paid so much for them and loaded them with debt. Murdoch is left therefore, with a whole lot of nothing.

    The owners of Ten and Nine, not to mention WIN and Austereo, are likely to baulk at taking on more debt after their near death experience. The owners of WIN, for instance, has already stated that they are “not for turning”.

Share this article with a friend

Just fill out the fields below and we'll send your friend a link to this article along with a message from you.

Your details

Your friend's details