Communications Minister Malcolm Turnbull has put media reform in the Prime Minister's court.

Turnbull's media reform in Abbott's court

To describe Malcolm Turnbull's latest step in the process of media reform as "a massive backflip", "a total surprise" or the result of a "lack of consultation" is to mischaracterise it (and him) entirely.

Power lunch watch

At Sydney's Rockpool Bar & Grill on Wednesday there were airline poobahs, arts benefactors and New York bankers.