The Advertiser. The situation is not any better in pay or online TV sector either. For example, Rupert Murdoch’s Australian flagship media group News Corp owns Sky News and holds a lion’s stake in Foxtel – which has a monopoly in the pay TV market. In order to reinforce the dominance of their own media empires, the media conglomerates stifle the growth of new media start-ups and cut off their reach to consumers. Successive governments from the both sides of politics have failed to address this problem because nobody wants to run head-to-head with the media. An independent inquiry into the media and media regulation in 2012, otherwise known as the Finkelstein report, described the landscape of Australian media as: