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Regional media company ACM to lobby federal government on media laws as ACMA approves increased stake in Prime TV | The Observer

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Regional media company ACM has welcomed the Australian Communications and Media Authority’s (ACMA) approval of its acquisition of shares in commercial television broadcaster Prime Media Group. The ACMA approval follows ACM’s March purchase of an additional five per cent of Prime from WIN TV owner Bruce Gordon, taking its holding in Prime to 19.99 per cent. The transaction required ACMA sign-off because it lifted ACM’s stake above the 15 per cent deemed to be a controlling interest under the Broadcasting Services Act 1992. ACM executive chairman Antony Catalano said his company, the publisher of this masthead, was pleased to secure the green light for its increased investment in Prime. The free-to-air TV network…



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