Dick, I’ve not read the book but there are two regulatory instruments in the US that I’ve come to appreciate after moving back to Australia: 1. Defamation and secrecy laws that are much more favorable to media than they are in Australia. 2. Tax deductibility status. Australian media is now competing with US media giants that operate in far more favorable environments. On everything else I agree with you.
Dick, I’ve not read the book but there are two regulatory instruments in the US that I’ve come to appreciate after moving back to Australia: 1. Defamation and secrecy laws that are much more favorable to media than they are in Australia. 2. Tax deductibility status. Australian media is now competing with US media giants that operate in far more favorable environments. On everything else I agree with you.