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Media ownership changes ''bad for democracy''Source: Australian Broadcasting Corporation
The Federal Opposition says the expected ownership changes in the media industry will be bad for democracy.
The changes are yet to pass both houses of Parliament, but already the major players are making moves to invest in new areas of the industry.
Channel Seven is buying an i …
Kerry Stokes joins media frenzySource: Australian News Network
KERRY Stokes last night joined the scramble for the nation's media assets, launching a stock-market raid to snare almost 10 per cent of West Australian Newspapers.
Packer's PBL sale of the centurySource: Australian News Network
AUSTRALIA'S richest man James Packer jetted into Sydney last night to clinch a $7.5 billion mega-deal selling off PBL's media interests - including the Nine Network, ACP magazines and the website ninemsn.
Packer to Pack It In?? What a Fire Sale!!Source: Australian News Network
The deal is expected to give PBL executive chairman James Packer the chance to focus on the company's growing gaming portfolio, and create a new media spin-off as the Federal Government re-shapes Australia's media ownership laws.