Australia to tighten media ownership
Australia to tighten media ownership
Canberra announced plans to tighten cross-media ownership rules, capping a controversial stake held by Rupert Murdoch in the Seven Network and Kerry Packer's holding in Fairfax Group. The Australian Broadcasting Authority is to be given the power to determine whether non-voting shareholders should be deemed to control companies where their interest is linked to company performance.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments