Commercial TV networks to make $240m saving from licence fee rebate

Tim Burrowes

February 8, 2010 11:57

Australia’s big three TV networks are likely to be around $240m better off after the government agreed to halve what they pay to access the nation’s airwaves.

In a deal announced by communications minister Stephen Conroy over the weekend, the networks will this year get a third off what they normally pay, giving them a saving of over $94m if calculated based on last year’s licence fee payment of around $286.8m.

In 2011, the rebate will be lifted to 50 per cent, which will see the networks make a saving of over $143m.

Changes in subsequent years are yet to be determined, with the government expected to call a review of the current structure.

Subscribe to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Tim Burrowes

I write about the world's media and marketing industry from an Australian perspective Australian lens. I've worked in the UK, Middle East, Asia & Australia. I founded Mumbrella, which we sold in 2017.