It’s going to be a rougher ride than first thought for Kerry Stokes’ attempt to snaffle a monopoly on print media in Perth by getting his 41%-owned Seven West Media to help out the struggling Murdoch family at News Corp by buying their sliding Sunday Times and the Perth Now news website.

The competition regulator, the ACCC revealed this morning that it was looking for feedback from advertisers and others on the proposal. But the tone from the commission’s statement — and the associated issues paper — should give Stokes and News some heart though.

The proposed buy would combine the two highest-circulating Western Australian print newspapers and related online news sites. The ACCC says it is investigating the impact this would have on two distinct groups: readers and advertisers.

The ACCC wants further submissions from industry participants in response to the Statement of Issues by August 18 and has promised a decision by September 15.

Peter Fray

Get your first 12 weeks of Crikey for $12.

Without subscribers, Crikey can’t do what it does. Fortunately, our support base is growing.

Every day, Crikey aims to bring new and challenging insights into politics, business, national affairs, media and society. We lift up the rocks that other news media largely ignore. Without your support, more of those rocks – and the secrets beneath them — will remain lodged in the dirt.

Join today and get your first 12 weeks of Crikey for just $12.

 

Peter Fray
Editor-in-chief of Crikey

JOIN NOW