The changes to media ownership policy in 1987 led to unprecedented instability in Australia's media with many deleterious consequences over the next few years. The changes in October 2006 are the most far-reaching since then, and it is still impossible to know what their ramifications will be. The most significant move so far has been James Packer's sale of half of PBL to the international private equity group CVC for $4.5 billion. Analysts have so far neglected to examine what this might portend for the future of Australian media.
Get full access to this article
View all access options for this article.
References
1.
ABC2006a, ‘PBL Suspends Share Trading’, The World Today, ABC Radio, 17 October, www.abc.net.au/worldtoday.
