Sit tight, you might not be changing owners – just yet anyway.

A who’s who of big media owner’s cycled through Communications Minister, Malcolm Turnbull's office last week. Six so far, including, Fairfax, Foxtel, APN, Prime, Win Television and News Corp.

But is media reform about to be delayed?

"The world is not going to come to an end if ownership laws remain the same for a period, but we are a reforming government, a dereg­ulating government,” Mr Turnbull has told The Australian.

It appears that the Government is set to delay media reform until next year and more, it is not a top priority for the Abbott government right now. But he did confirm that the current legislation is outdated, and  he is undertaking the reform to the industry during a time of   "rapidly evolving technology and business models”

As RadioToday’s Brad March also highlighted last week, there will be a great deal of wheeling and dealing behind the scenes before consensus can be achieved.  Each of the players has their own plans and strategies – all have their own agendas.

You can read the entire story in The Australian here.