A raft of new media mergers and acquisitions could be in line after the Turnbull government announced significant changes to existing regulations.
Two of the nation's biggest broadcasters are at odds over what effect an overhaul of ownership laws will have on the media landscape. The government on Tuesday unveiled a package of changes that scraps regulation in place since the 1990s and devised before introduction of the internet and pay television.
The changes are expected to unleash a raft of mergers and acquisitions as metropolitan broadcasters eye off their regional affiliates. That's because the so-called reach rule, which prohibits a proprietor from controlling commercial television licences which collectively reach more than 75 per cent of the population, will be scrapped.
So too will be the two-out-of-three rule, which prevents a proprietor from controlling more than two of the three radio, television and newspapers in the one commercial radio licence area.
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