Australia’s Nine-Fairfax deal focuses attention on regulator’s approach to new media laws
MLex Market Insight
MLex Market Insight
4.9 • 9 Ratings
🗓️ 20 August 2018
⏱️ 19 minutes
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| 0:00.0 | Hello and welcome to another MLEX podcast. I'm Laurel Henning, senior correspondent at Mlex, |
| 0:17.2 | coming to you from our offices in Sydney, Australia. Today we're going to be discussing |
| 0:21.9 | the media landscape in Australia. And much like a book within a book, there is nothing media |
| 0:27.1 | outlets enjoy more than reporting on business deals involving media companies. And that's why |
| 0:32.9 | last month's announcement of a merger between two of Australia's largest media companies, |
| 0:38.3 | Nine Entertainment and Fairfax Media, prompted wall-to-wall coverage. |
| 0:44.3 | We're not immune to intricate regulatory discussion here at Emlex, and given the size of the Fairfax |
| 0:49.3 | Nine deal, there are some interesting questions over how regulators will conduct their review. |
| 0:54.9 | And what's more? |
| 0:59.4 | The deal, which promises to set a precedent and completely alter the industry here, |
| 1:03.4 | comes at a time when the future of the media sector faces close scrutiny from the country's competition authority and its inquiry into the impact of digital platforms |
| 1:08.0 | like Facebook and Google on Australian media. We've got a lot to discuss. |
| 1:13.7 | And joining me today on the podcast is Emlex's Australasian managing editor James Panicki, |
| 1:19.1 | who has been diligently covering this merger since it was announced and joins me now from our |
| 1:23.4 | Melbourne offices. Welcome, James. Hello, Laurel. Diligently might be a slight misrepresentation, |
| 1:28.4 | but yes, here I am. Good to speak with you. So before we get started on the regulatory side of things, |
| 1:33.7 | let's try to set the scene for MLX listeners who may not be familiar with these companies. What do we |
| 1:38.7 | need to know? Okay, now both 9 and Fairfax are listed companies on the Australian Securities Exchange. |
| 1:45.0 | Fairfax was founded in 1841 by a British immigrant journalist. |
| 1:49.4 | His name was John Fairfax. |
| 1:50.8 | The company was called John Fairfax for a long period of time. |
| 1:54.5 | This company owns nationally prominent and slightly high-brow newspapers, |
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