28 C
Byron Shire
January 29, 2022

ACCC warns over News Corp buyout in northern rivers

Latest News

Dr Kerry Chant COVID-19 stats update for January 21 to 27 and local update

NSW Chief Health Officer Dr Kerry Chant gave her weekly COVID-19 stats update this morning during Premier Dominic Perrottet’s press conference.

Other News

TGA grants Provisional approval of oral COVID-19 treatments

At last, some good news on the COVID front: the Therapeutic Goods Administration (TGA) has provisionally approved the first oral antiviral treatments for COVID-19.

Lennox Head forge ahead across four grades in local cricket

Local cricket is approaching the midway point of the 2021–22 season and sees Lennox Head playing strongly across all four senior grades.

School return comes with COVID-19 measures

Today is the official first day of term one in most NSW schools and as students and parents prepare to start the school year, there are new guidelines in place to manage COVID-19 infections.

Bill will not prevent social media trolling: Law Council

The nation’s peak law advocay legal body, The Law Council of Australia, is calling for a nationally consistent approach to law reform as ‘the best defence against social media defamation’.

Daintree buyback sees more forest retained

Over the last two-and-a-half years, the Mullumbimby based Rainforest 4 Foundation has had a mission to buy back parts of the Daintree Lowland Rainforest that were subdivided for sale in the 1980s. 

NRAS about to kick off 2022 adoption days

Local animal charity Northern Rivers Animal Services has kicked off 2022 with a bang, with more cats, kittens and puppies needing homes in Ballina than you can shake a rescuer at.

Media mogul Rupert Murdoch. Photo by David Shankbone https://www.flickr.com/photos/shankbone/
Media mogul Rupert Murdoch. Photo by David Shankbone https://www.flickr.com/photos/shankbone/

Rupert Murdoch’s News Corp’s proposed buyout of daily and weekly newspapers in the northern rivers is under a cloud after the competitive watchdog flagged concerns it would have a monopoly on print newspapers in Queensland which could dilute local news content and opinion.

News Corp already owns 14.9 per cent of its print rival, APN News and Media, but since June has been in talks to buy out its regional newspaper division for $36.6 million.

APN owns the weekly Byron Shire News, the daily Northern Star in Lismore, the free Tweed Daily News and Ballina Advocate.

In stark contrast, Echonetdaily and its sister weekly, the Byron Shire Echo, are independently and locally owned.

The Australian Consumer and Competition Commission (ACCC) issued a statement yesterday flagging its concerns that the buyout could reduce local news and opinion content in regional parts of Australia.

It also fears it may close down rival APN newspapers that compete against it, such as in the Tweed where News Corp’s free community weekly the Tweed Sun and APN’s free Tweed Daily News compete for advertising in the same distribution area.

The ACC raised concerns that News Corp would sack journalists by closing down the APN rival in the same market, such as the Tweed Daily News, and reduce news and content.

APN has released a statement to the market saying it would adjust its timetable for the deal as a result of the ACCC issues statement, while News Corp told Fairfax Media it was giving it ‘proper consideration’.

In its statement, the ACCC said the proposed buyout would mean News would own ‘a vast majority of print newspapers in Queensland’ and could also affect the quality of content in future.

 


Support The Echo

Keeping the community together and the community voice loud and clear is what The Echo is about. More than ever we need your help to keep this voice alive and thriving in the community.

Like all businesses we are struggling to keep food on the table of all our local and hard working journalists, artists, sales, delivery and drudges who keep the news coming out to you both in the newspaper and online. If you can spare a few dollars a week – or maybe more – we would appreciate all the support you are able to give to keep the voice of independent, local journalism alive.

3 COMMENTS

  1. If only the Australian Consumer and Competition Commission (ACCC) could express such a reasonable opinion on Rupert Murdoch South Australian newspaper publishing monopoly with its false records of newspapers published sold as ‘archives’ by Australian state and national public libraries. The fake archives, also exported to British Libraries UK London, have news articles published erased or altered for those false records. Crimes and corruption of national significance involving federal authorities concerning events in South Australia are concealed, some details of some of which can be viewed at https://rjrbtsrupertsfirstnewspaper.wordpress.com/2016/09/27/rupert-murdochs-fake-archives-of-newspapers-corrupt-journalism-and-billions-of-dollars-of-unaccounted-for-public-debt/ The ACCC claim that the Australia’s public libraries’ sale of false records of newspapers published as authentic ‘archives’ is not a crime under ACCC enforced laws.
    Ask Rupert what he knows about the fake archives of the first newspapers that ever owned and the crimes and corruption that they conceal.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Richmond Valley Council Citizen awards

The contribution made to the Richmond Valley community by its citizens was recognised on 26 January through a range of awards and most particularly through the award of Citizen of the Year and Young Citizen of the Year. 

How depression makes people vulnerable to misinformation

A US study has found that people suffering from depression are much more likely to believe misinformation about COVID-19 vaccines.

Countbacks or by-elections for Ballina?

Cr Rod Bruem's first appearance in the Ballina Council chamber saw an attack on ALP candidates who narrowly failed to win seats in the recent local government election, with the councillor claiming it would be undemocratic for a countback to include 'rejected' Labor Party candidates if another councillor was unable to serve during the next 18 months.

Community building and disaster resilience

If you’ve ever wanted to be a volunteer, the Community Carers and Responders might be where you can lend a hand.