Sunday, May 26, 2024

WIN Corp Owner Bruce Gordon Found in Breach of Media Rules

The Australian Communications and Media Authority (ACMA) has found that Mr Bruce Gordon, the owner of WIN Corporation Pty Ltd, breached media control and diversity rules in relation to his interests in the Prime Media Group Limited (Prime).

The ACMA found that Mr Gordon acquired a 11.59 per cent shareholding in Prime on 29 April 2019. Together with his existing 14.99 per cent interest, Mr Gordon’s total company interests rose to 26.58 per cent. This placed Mr Gordon in a position to exercise control of commercial television licences held by subsidiaries of Prime until 24 May 2019, when Mr Gordon divested 43 million shares (11.73 per cent).

Mr Gordon was found to be in breach of the ‘one-to-a-market’ commercial television licence rule in eight separate licence areas during this time. Mr Gordon’s interests also caused an unacceptable media diversity situation to occur, or to be worsened, in more than 40 licence areas.

“Media control and diversity rules exist so that Australians have access to a diverse range of voices in the media landscape. It is up to companies and individuals to ensure that they comply with these important rules at all times, especially where control occurs in more complex shareholding arrangements,” said ACMA Chair Nerida O’Loughlin.

The ACMA considered evidence from Mr Gordon that the breaches occurred as a result of actions taken by a third party that were contrary to his instructions and that, as a result, he could not reasonably have known that he was in breach of media laws. The ACMA also noted that Mr Gordon acted immediately to sell down his shareholding in Prime as soon as he became aware of the mistake.

Finally, the ACMA found no evidence to suggest that Mr Gordon took any actual steps to exercise control over Prime during this period.

“Given the limited duration of the breaches and our satisfaction with the action to rectify the breaches, the ACMA will not take any further action on this matter,” Ms O’Loughlin said.

Under the Broadcasting Services Act, a person is deemed to be in control of a media asset when they acquire in excess of 15 per cent of a company which holds that asset. This is regardless of whether they can exert actual control over the asset, which is a separate test.


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