Australia announces media deregulation, paving way for acquisitions – Reuters

Mastheads of The Age, The Sydney Morning Herald and the Australian Financial Review are pictured in this photo-illustration in SydneyLegislation to change media ownership laws in Australia will be put before parliament, the government said on Tuesday, opening the door for a potential raft of mergers and acquisitions from major media companies such as News Corp.

The bill will be introduced in parliament on Wednesday and is expected to be passed in the next several months with support of independent senators.

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