Turnbull to consider watering down media ownership rules

A LONG-standing rule allowing media moguls to own no more than two outlets in the same market - whether radio, newspaper or television - could soon be relaxed.

Communications Minister Malcolm Turnbull said he was "very carefully" considering the changes.

The rules also stop metropolitan television stations from merging with their regional counterparts.

"My view is the arrival of the internet, and the additional diversity and avenues for competition that it brings, really says we should have less regulation and more freedom," he said.

Topics:  internet malcolm turnbull media ownership

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