Mon, December 16, 2024

Labor increases ABC funding and moves to legislate five-year financing terms

The Australian Labor government has announced an increase in funding for the Australian Broadcasting Corporation (ABC) and plans to legislate five-year funding terms to provide the broadcaster with greater financial stability. This decision comes after years of funding cuts under the previous Coalition government, which had left the ABC with a reduced budget and operational challenges. The new funding model aims to ensure that the ABC can plan and invest in long-term projects, enhance its digital capabilities, and maintain its role as a key public broadcaster. The move is part of Labor's broader commitment to support public media and counteract the effects of previous budget constraints.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/politics/government/labor-increases-abc-funding-and-moves-to-legislate-five-year-financing-terms/ar-AA1vWDQI ]


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