Good morning, early birds. The government is set to get its media reform package through (with some amendments), former ABCC boss Nigel Hadgkiss steps down after a small matter of breaking the law, and Rebel Wilson scores millions in a defamation payout. It's the news you need to know, by Max Chalmers.
MEDIA REFORM TO PASS
The government has secured the backing of Nick Xenophon's Senate bloc for the most radical overhaul of Australia's media regulation since the 1980s. As expected, the government has agreed to put $60 million towards small and regional publishers and innovation funding in return for Xenophon's support for its legislation scrapping the two-out-of-three rule as well as the 75% reach rule. It has also agreed to ask the ACCC to open an inquiry looking at the loss of advertising revenue caused by the massive expansion of Google and Facebook.