While you’re here… help us stay here.

As we confront the economic impacts of the pandemic, we need your support even more. So that we can continue to bring you the latest in policy and research, please donate to APO.

Commentary

"Of course they say there are no competition issues. They always do"

Publisher
Mass media Media ownership Media regulation Competition regulation Cross-media ownership Australia
Description

Regardless of its eventual success or failure, Nine’s proposed acquisition of Fairfax marks a new discontinuity in the Australian media landscape. The law that would once have prevented it was changed last year: now, the political economy and culture of our media are suddenly fluid. The familiar cast of Australian media characters, with their ancient rivalries and discontents, will soon be different, and some venerable figures won’t be there. What is happening is at once startling, unsettling, long anticipated and entirely unresolved.

Reminding us that the media is still a place where very different commercial, civic, political and cultural worlds coexist and sometimes collide, the understandings and expectations of key players and observers vary dramatically. Where Fairfax CEO Greg Hywood sees a merger, the Australiansees the death of Fairfax. Journalists and academics see a new challenge to diversity and democracy. Paul Keating sees Nine’s toxic tabloid culture metastasising, while the government tells a story about ensuring the long-term health of Australian media businesses. So far the stock market hasn’t shared the government’s confidence, with Nine shares falling since the deal was announced, reducing the value of the offer.

Read the full article on Inside Story.

Publication Details
License type:
All Rights Reserved