Media Unmade – Chapter 17: The CBS Shock
Welcome to the latest Unmade podcast. Today’s edition features another extract from the audio edition of my book, Media Unmade, which is published by Hardie Grant and available online and in book stores.
In today’s chapter, we enter the final act of Unmade: The Remaking.
By 2017, it seemed that Network Ten was becoming a de facto part of the extended News Corp empire, seven years after Lachlan Murdoch first invested. News Corp’s Foxtel had taken a 15% stake alongside Lachlan’s 9%. Foxtel’s sales house MCN had taken over Ten’s media sales, and in turn Ten had taken a 25% stake in MCN. Ten and Foxtel were also co-commissioning shows like Gogglebox.
The final hurdle were changes to the media ownership laws, which the Coalition was helpfully working on repealing.
