If control of Austereo moves from Village to another media player in Australia, then the delicate balance of the current media landscape may be shaken. If control goes to a foreign investor or a non-media group, new pressures will come into play at Australia’s leading radio company. Is this good or bad for Australian radio? Unlike DMG, whose parent company is in the UK, and ARN, which is owned by Irish and American media companies, Austereo is one of the few radio companies owned by Australians.

Austereo is listed on the Australian stock exchange and the majority shareholder, the Kirby family is Aussie.

Unlike Australian tv and newspapers, the Australian radio industry does not have restrictions on foreign ownership.

So will it matter if the media ownership balance in radio changes? And would more foreign investment in radio be a good or bad thing for the industry?

What do you think. Post your comments here.