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Australia's New Media Law Won't Ease Mergers

Law360 (October 16, 2006, 12:00 AM EDT) -- Recent changes to Australia’s media ownership laws will not make pushing mergers through any easier, according to the chairman of the Australian Competition and Consumer Commission.

Chairman Graeme Samuel told the National Commercial Radio Conference that the ACCC will still block any merger that it deems anti-competitive, despite the newly passed cross-media ownership bill.

The bill, passed by the Australian Senate on Nov. 12, allows companies to operate in two out of the three major media markets—newspapers, television and radio. The bill also relaxes restrictions on...
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