Yesterday Fairfax Media and Nine Entertainment announced that they will merge, forming a media organisation worth $4.2 billion.
The new organisation will be known as Nine.
This merger has only been able to occur due to the recent media market liberalisation by the Coalition Government in abolishing the two-out-of-three rule. Which prevented a media organisation from owning local newspapers, television stations and radio stations in a single city.
Already a subscriber? Log in
Subscribe for just $2 a week
Try a month of The Spectator Australia absolutely free and without commitment. Not only that but – if you choose to continue – you’ll pay just $2 a week for your first year.
- Unlimited access to spectator.com.au and app
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Comments
Don't miss out
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
SUBSCRIBEAlready a subscriber? Log in