SYDNEY (Reuters) - New Australia Prime Minister Malcolm Turnbull's history of campaigning for media deregulation fuelled a rally in the shares of domestic TV broadcasters on Tuesday as hopes soared that a potential industry consolidation will stem a decline in earnings.
Before ousting Prime Minister Tony Abbott a day earlier, ex-Goldman Sachs partner Turnbull regularly used his role as communications minister to advocate scrapping pre-Internet laws stopping media companies from merging.
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