NWS 0.14% $41.49 news corporation..

accc should have power to break up monopolies

  1. 979 Posts.
    lightbulb Created with Sketch. 174
    Strange that in Australia, unlike the US, there is no statute that enables the breaking up of a monopoly.

    News Limited has about 70% of daily newspaper readership and sells the dominant paper in every city except Perth and Canberra.

    So if there was ever a monopoly, News Limited is it. That in itself explains why there is no way to break up monopolies here.

    Note: Sentiment is "None" because there is no option "Burn in hell war-mongering filth"
 
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