… one of the main reasons for wanting to own a second licence was that, in those days, the law said a single entity could only own a maximum of two licences and so by buying a second, you made sure that you were not a takeover target by another station … of course all that changed when Hawke/Keating abolished that law and replaced it with a 75% cap which opened the way for predators like Skase and Bond to hoover up licences and send the entire television industry broke … it also allowed Murdoch to become, in Keating’s words “Prince of print” …
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