Assuming that the intended acquisition of Fairfax by Nine Entertainment proceeds, will it mean a reduction in the diversity of media views, a reduction in independent journalism? Much chatter since the announcement has clearly anticipated such an outcome. But how likely is it? Nine doesn’t currently compete in broadsheet print journalism and neither neither does Fairfax, having opted out of that in recent times. The assets in the Fairfax portfolio that would be attractive to Nine are more in on-line commercial content and streaming, for example, Stan and Domain. It is possible that the print journalists will be retrenched and no more papers printed since those divisions are underperforming, but that prospect was already real for the Fairfax journalists under current ownership.
The ownership of an asset portfolio is changing, but that of itself has no implications for print media and journalism diversity or independence.