Clifford Chance
Australia's cross-media ownership law update will create new M&A opportunities
15 July 2014
In 1992, Bill Clinton was elected President of the United States, the World Wide Web celebrated its first birthday, and Australia enacted cross-media ownership laws that remain largely unchanged to this day.
However, the country's Department of Communications has now published a background paper to stimulate debate around possible reforms of these laws.
Any reform is likely to reflect not only the very different media world in which we now live but also encourage mergers, joint ventures and content sharing agreements in the Australian media sector.
