Communications Minister Mitch Fifield: All Australian media companies are operating in a very challenging environment

The Communications Minister Mitch Fifield has refused to be drawn on whether the proposed media reform package announced today will be able to save troubled Network Ten.

Communications Minister Mitch Fifield: All Australian media companies are operating in a very challenging environment

This morning, the Turnbull Government revealed the package which is set to abolish broadcasting licence fees, further restrict gambling advertising in live sporting events across all platforms and repeal the two out of three and 75% audience reach media ownership rules.

Network Ten has welcomed the proposed changes after it warned its future was in doubt unless it got licence fee relief from the federal government after reporting a net first half loss of $232.2m.