Weekly New/Digital Media (16)
Cross-media ownership: Xenophon bloc likely to support scrapping diversity rules https://www.theguardian.com/media/2016/oct/31/cross-media-ownership-xenophon-bloc-likely-to-support-scrapping-rules Summary: "Coalition wants to dump regulations that prevent moguls such as Rupert Murdoch and Kerry Stokes owning TV, newspaper and radio assets in the same market" Xenophon Senate bloc’s support media moguls such as Rupert Murdoch or Kerry Stokes to own television, radio and newspaper assets in the same market. Dumping the media regulation called the "75% reach rule and the two-out-of-three rule." Labor is supportive of scrapping the reach rule but Australia already has one of the most concentrated media markets. “The real power now is with the web, with social media, with Facebook, and Google,” Griff said. “I think we’ve got great diversity now.” "Nine’s chief executive, Hugh Marks, warned in the company’s submission: “Changing any ownership rules befor...