ABC and SBS were specifically excluded from the deal, as were any news sites with <100,000 person circulation. This is a big-players only circle jerk. Even The Guardian has been spouting biased nonsense in favour of the legislation.
Ten is an outlier. News tried to buy it after their mining and media millionaire saviours backed out, but CBS got it in the end.
The loudest supporters of this think having a public broadcaster is unfair and hurts their revenue instead of following their lead and providing content the public clearly and demonstrably want. We're voting with our wallets, but we're making the "wrong choices".
You're assuming that this is the only rung on the ladder that's being scaled right now.
Also, speaking of regulating monopolies, this same government removed media ownership restrictions in its previous term and most of the major media outlets immediately coalesced into the three majors (News Corp, Seven and Nine). These are also the primary agitators in this new money-making scheme as they have (unsurprisingly) not recovered their profitability and are still on the slide to obscurity.
So, let's force everyone to pay for dying industries while those same players publicly decry, defame and demolish the public broadcaster.
"One day I woke up and discovered that I was in love with tripe." -- Tom Anderson