Stephen Conroy (Victoria, Australian Labor Party, Deputy Leader of the Opposition in the Senate) Share this | Hansard source

Mr President, I ask a supplementary question. Has the minister seen comments by the Prime Minister today that ‘a certain concentration is needed in a nation of 20 million people’ for ‘economic reasons’? Can the minister confirm that profits in the media industry are at record levels and that the average profit margin is 24 per cent? In the light of these figures, can the minister explain why the government believes that giving more power to the media moguls is essential to the viability of the industry?