|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Business & Economy (Click here for more)

Australian Regulator Allows Merger of Nine and Fairfax Media Groups

SYDNEY – The Australian Competition and Consumer Commission (ACCC) announced on Thursday that it “will not oppose” the proposal to merge Nine Entertainment and Fairfax Media.

“While the merger between these two big-name media players raised a number of extremely complex issues, and will likely reduce competition, we concluded that the proposed merger was not likely to substantially lessen competition in any market in breach of the Competition and Consumer Act,” said Rod Sims, the president of the ACCC.

In a statement, the regulator said it believed that the merger proposed in July will reduce the number of large companies focusing on the creation and distribution of Australian news from five to four: the private networks Nine-Fairfax, News/Sky, Seven West Media and the public broadcasters ABC/SBS.

“By most measures, a combined Nine-Fairfax will likely become one of the largest online providers of Australian news, alongside News Corp Australia and ahead of the ABC,” Sims said in the brief.

Nine is one of the most popular free-to-air television networks in Australia. It also has a 50% stake in Stan, a video streamer, and has online publications.

The Fairfax media group consists of the renowned newspapers The Age, The Sydney Morning Herald and The Australian Financial Review.Fairfax also has a 54.5% share in the Macquarie radio station, 47% in the Australian Associated Press news agency and, like Nine, a 50% stake in Stan.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2018 © All rights reserved