Report backs changes to media rules

The Abbott Government looks set to soften the ground for further media deregulation, with a new report suggesting current laws are outdated.

The report, to be released by Communications Minister Malcolm Turnbull, says there would be "significant value" in the Government considering whether the media industry should make greater use of self-regulation.

The Department of Communications policy discussion paper says the media landscape has changed significantly because of the growth of the internet.

Mr Turnbull has said the Government is engaged in "consultation" with major players about media ownership rules, but has stopped short of spelling out what changes may be made.

The minister is said to be considering axing the so-called "reach rule" that bans a commercial TV licence holder from broadcasting to more than 75 per cent of the population.

Also believed to be in the crosshairs is the "two out of three" rule which prevents anyone from owning a TV broadcasting licence, a radio station and a news- paper all in the same market.