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

I thank Senator Ludlam for his question and for his ongoing interest in this portfolio area. Today's announcement by Fairfax Media reflects the significant changes that have occurred and that are continuing to take place in the communications and media landscape, both domestically and internationally. It is important that firms which operate in the media and communications sector continue to innovate and adapt to the changes that digital and online technologies are delivering. More broadly, as the economy becomes more and more digital, the effect of this change is being felt across many sectors of our economy. The government's investment in the NBN will both support and accelerate this; as some jobs disappear, new jobs will be created.