The Australian government's new media laws, which take effect next Wednesday, are expected to trigger an immediate wave of takeover activity. The likely targets include Fairfax Media, Southern Cross Broadcasting, West Australian Newspapers and Austereo. Once it became clear that less restrictive laws would be passed there was a frenzy of activity, with Rupert Murdoch's News Corp and Kerry Stokes' Seven Network acquiring stakes in Fairfax. (Via The Australian)
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Media takeovers expected any day in Australia
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