Monday, January 17, 2005

Backing off of the north east wind

More on the Fairfax - Ten Network proposal.

Interestingly, there is some disagreement about the motivation for these discussions. The weekend papers reported that it was most likely about reaching an agreement on a deal before any changes to the legislation are decided.

But not according to UBS media analyst Tony Wilson.
"Mr Wilson dismissed the suggestion that either Fairfax or Ten was aiming to protect itself by doing a big deal before the Government's media law changes go through. 'If Fairfax buy Ten, they might close the door to someone like a PBL buying them, but they don't close the door to every other foreign group who might decide they want a major media stake in Australia,' he said."

No comments: