Friday, July 14, 2006

Aussie rule changes may mean foreign media ownership

Given the many parallels between the way government has gone in Australia and Canada, perhaps it is a bellwether of where media ownership legislation in Canada will go, too. A story about just-announced changes in ownership rules for Australia's $12 billion media industry says limits will be lifted on foreign companies owning a share of the national media. And Australian firms will get the chance for the first time to own print, radio and TV interests in one city or regional area. (In this latter case, Canada is way ahead, or behind, depending on your point of view.)


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