The Australian Competition and Consumer Commission has delayed a decision on Foxtel’s investment into Network TEN until next week, to “allow additional time to consider the proposed acquisitions”.
It was due to make an announcement tomorrow.
There’s no indication which way the regulator may fall on the deal. According to The Australian, the ACCC said Monday’s decision “may be a final decision or release of a statement of issues”.
The ACCC would have looked at fair competition, including sports rights acquisitions and advertising, as well as the ramifications of the $77m deal will have on audiences.
Foxtel’s investment into TEN comes at a time when regional broadcasters are pushing for media reform, which observers see an indicator of further media mergers.