Murdochtopus has many arms that work in unison with News Corp, one of those arms is a think tank called the Institute of Public Affairs (IPA). When Tony Abbott became Prime Minister the IPA wrote a list of 75 ideas for Abbott to think about which included: 50. Break up the ABC and put out to tender each individual function. 51. Privatise SBS. The Abbott government and coalition government’s since, have cut funding to the tune of $783 million. By 2023 the cuts to the ABC will amount to $1 billion. Surveys continually show that the ABC and SBS are the most trusted news brands in Australia. Australia’s concentrated media ownership is one of the highest of the world News Corp owns nearly 60% of the metropolitan and national print media markets by readership. The Nine Entertainment Co. and Fairfax merger in 2018, means that Nine is now the second largest media owner with a combined readership share of 23%. 80% of Australian free-to-air and subscription TV revenues are collected by three corporations: News Corp, Nine, and Seven Media Holdings. Nearly 90% of the nation’s radio licences are controlled by News Corp, Nine, and Southern Cross Media (including their associated entities).