Cabinet agrees to scrap media ownership laws, with caveats
Cabinet has given its blessing to the abolition of Keating-era media ownership restrictions, with the caveat that Communications Minister Mitch Fifield must be confident of legislation passing before it is drafted and put to Parliament.
Cabinet gave approval in principle to the removal of both the so-called reach rule and the two-out-of-three rule in a move which could spark a flurry of mergers and acquisitions in the troubled traditional media industry.
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