Oct 23, 2017

Where’s this media company merger frenzy we were told would happen?

With media reform dreams now a reality, the stage should be set for a merger frenzy. So where is it?

Now that the Foreign Investment Review Board has removed the last impediment to the CBS takeover of the Ten network, we can turn to the remaining question: who are the buyers and who the sellers in the major companies?

Remember, the argument for abolishing the restrictions on the cross-media ownership laws was to allow the players to get big – by merging – to confront the challenge of Facebook and Google. It was only the “archaic” restrictions on owning two newspapers, radio or television stations in the one market that was standing in the way.

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