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.