Media stocks have rocketed higher on Monday as investors digest the possibility of a change in media laws and private equity makes an offer for Fairfax Media.

Fairfax Media has released the details of an approach from a TPG Group-led consortium that would see it split up its publishing business.

• ANALYSIS

TPG Capital has dipped its toes into digital media and real estate businesses before. So what can we learn from that?

Media stocks have rocketed higher on Monday as investors digest the possibility of a change in media laws and private equity makes an offer for Fairfax Media.

Private equity group TPG has approached Fairfax Media about a $2.2 billion demerger.

• UPDATED

Private equity outfit TPG Capital has approached Fairfax Media with a proposal to buy its online real estate business Domain and the company's three big publishing mastheads.

Regional TV broadcasters WIN, Prime and Southern Cross Austereo have welcomed expanded media reforms proposed by the federal government.

Australia's embattled media industry stands on the verge of the biggest ownership shake-up in a generation after the federal government announced a reform package will open the door for a major round of mergers and acquisitions.

The government is cracking down on gambling advertising during live sporting coverage as part of a package of sweeping media reforms.

Just five years after its initial public offering, Facebook is one of the 10 highest market-capitalised public companies in the world. But its gargantuan influence has become its biggest liability.

A plan by the country's top billboard firm to buy its largest rival may jack up the prices charged to advertisers while cutting service levels, a sign it may block the $735 million deal, the competition watchdog has warned.

Journalists at Fairfax Media have voted to go on strike following the company's decision to cut a quarter of the remaining journalists at its major Australian newspapers.

NSW Premier Gladys Berejiklian has thrown her support behind Fairfax Media journalists after the company announced job cuts.

Fairfax Media has announced changes that will include 115 full-time job cuts to save $30 million.

More redundancies are expected at News Corp after it announced the merger.

The likes of Justin Bieber and AC/DC can rest easy after the Federal Court kicked the rear end of one of the world's most popular pirate downloading sites.

Network Ten's entire market value was less than $100 million on Friday and the company is now "un-investible", according to analyst reviews of its half year results. 

• COMMENT

On the face of it, Ten Network is probably worth more dead than alive. At least if you are one of the three moguls - Lachlan Murdoch, James Packer and Bruce Gordon - in whose hands its future rests. But the rules of normal financial practice don't apply.

Seven West Media has been ordered to mediate a possible resolution to a workplace lawsuit by a former employee who had an affair with the company's CEO.

Network Ten could be broken up and sold off for the benefit of its bank and three billionaire shareholders by the end of the year if a transformation project fails to improve its fortunes.

After its shocking loss, the future of struggling commercial TV station Ten Network now lies in the hands of the federal government, the Commonwealth Bank, and its billionaire shareholders.

The sports network has been squeezed by increased rights fees paid to broadcast live events while millions of TV viewers are abandoning the company.

By financial standards, the social media company may be a diving joke. But tell that to the nine million users that have just joined.

• ANALYSIS

After raking in riches from commercial TV for the past four decades, UBS now estimates Nine loses $40m a year.

Eleven current and former Fox News employees filed a class-action lawsuit against the network.

Billionaire Kerry Stokes' fortunes have been bolstered by a strengthening Chinese economy that has boosted demand for heavy machinery.

Cricket Australia is facing a major revenue crisis as global investment bank urges end to coverage.

• ANALYSIS

Television broadcast licence fees are top of mind in the media industry this week as the federal budget approaches.

After 20 years as the king of cable news, O'Reilly's return to broadcasting came not on camera, but in the form of a 19-minute recorded podcast.