Aussie Regulator Rejects Merger Between TV Giants

Law360, New York (October 11, 2012, 6:29 PM EDT) -- Australia’s antitrust regulator said Thursday that it will oppose a proposed merger between the owners of the country's most popular free-to-air television network and a premium sports network over fears the pairing will chill competition in the free-to-air television market.

The Australian Competition and Consumer Commission said it will not allow Seven Group Holdings Ltd., which owns a piece of Australia’s free-to-air channel Seven Network, to take full ownership of Consolidated Media Holdings Ltd., which has a significant stake in Fox Sports Australia.

“The ACCC is...
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