This is a very (bad) political strategy, well played by Murdoch. To get some insight, read Bob Iger's (Disney ex-CEO) book. He explains how Murdoch was worried about the rising tech-giants, how news is losing edge and his decision to sell to Disney.
The sale to Disney happened as a direct result of Murdoch seeing the threat (i.e people moving away from news).
Unfortunately for Australia, they cover over 50% of media, and can get the Government to do what they want.
To know more about the logical side, see the ex-Prime Minister's Senate hearing. This had the most amount of signatures in the history of Australia, yet, unfortunately, it'll not reach anywhere.
The sale to Disney happened as a direct result of Murdoch seeing the threat (i.e people moving away from news).
Unfortunately for Australia, they cover over 50% of media, and can get the Government to do what they want.
To know more about the logical side, see the ex-Prime Minister's Senate hearing. This had the most amount of signatures in the history of Australia, yet, unfortunately, it'll not reach anywhere.
https://www.youtube.com/watch?v=Ap_LuSQ5NSc