Lachlan Murdoch and Bruce Gordon have lodged a fresh bid for Network Ten, increasing their offer for creditors of the troubled broadcaster from $35 million to $55 million.
Lucy Battersby has covered trends, technology and telecommunications since joining The Age in 2008.
Media owners have fought long and hard for changes to ownership restrictions and with the laws passing the Senate late on Thursday, attention will be turning to what deals might now be done.
A dramatic reshaping of Australia's media industry is imminent after plans to scrap media ownership laws received endorsement from crucial Senate crossbenchers.
Historic changes to media ownership laws, which would open the door for a flurry of mergers and acquisitions, are closer than ever to being passed.
Australia might be getting access to 5G data speeds sooner than expected with the communications regulator fast-tracking preparations to auction the necessary spectrum off to mobile network operators.
Lachlan Murdoch and Bruce Gordon's bid for Network Ten was $3 million higher than CBS', but was too complex and would have seen secondary creditors getting just 2 cents in the dollar, report reveals.
Australian advertising departments are under pressure to curate their programmatic advertising more carefully, or risk supporting hate speech.
A slowing real estate market is good news for online property sites because vendors will have to list their houses and apartments for longer, according to analysts.
Network Ten backer Bruce Gordon and the Murdoch family's 21st Century Fox have made last-ditch pushes to thwart the purchase of the failed network by America's CBS.
Telstra's group executive of consumer and small business, Kevin Russell, has left the telco giant after just 18 months in the role and will be replaced by Vicki Brady.