Re: Where will TLS head???
Interesting article in the SMH yesterday. The government is looking at changing the media laws.
This would pave the way for Telstra to aquire all of Foxtel, Fairfax and possibly Channel Nine (currently under a cloud at PBL)
With the new laws in place (no probs with a majority in the senate) the government will be paving the way for Telstra to demonstrate a very strong growth strategy that will impress the investment community and as such raise the SP (sky rocket), prior to T3.
Telstra as a 360 degree, fully intergrated media bohemath is probably the only way that T3 will fly, allowing the government a maximum return on their 51%.
FYI
SMH - 31st August 2005
Telecommunications Minister Helen Coonan is considering a revamp of media ownership laws that would allow a single company to own newspapers, radio and television stations in the same market.
Addressing the National Press Club, Senator Coonan said that, subject to keeping some licence and reach limits, she was looking at ways to allow mergers of existing media systems.
"I'm considering an approach where mergers could take place between the regulated platforms of television, radio and newspapers within a licence area," she said.
"This would mean, for example, there could be common ownership of a television licence, two radio stations and an associated newspaper or other combinations in that same market."
Senator Coonan said she was looking at a system where mergers could be allowed, as long as there was enough competition in the market.
"Mergers would be subject to there remaining a minimum number of commercial media groups in the relevant regional and metropolitan markets. Four voices in regional markets and five in mainland state capitals," she said.
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