Lengthy merger oversight process threatens media
The delay in the Irish Times’s proposed purchase of the Irish Examiner highlights how bureaucratic media mergers can be
‘Move fast and break things” is a much-quoted maxim of Facebook’s Mark Zuckerberg. One of the things the social network, along with a few other tech giants, has attempted to break during its race to the top is traditional media. Ironically, traditional media cannot move fast in response, because when it tries to, it runs straight into legislation and officialdom.
This is hugely evident in the case of media merger legislation. The legislation ...