Status of Media reform, page-24

Some caution is still needed as although the Bill has passed the Senate it still has to go back to the House of Representatives to be voted on as amendments have been made to the original bill by the Senate.

The house of Reps will not sit again until the 16th of October. With the Government only having a majority of one seat and all the carry on with the dual citizenship of some members of the Coalition some uncertainty still remains.

As for the share price it will probably roller coaster for some time as deals and mergers are discussed. Some will seem like a good idea and others not. Until the Bill is made law and more certainty on the direction that PRT will take is made available we can probably expect a few red and green days for a while.