What's in the media reform package?

MEDIA REFORM PACKAGE:

* Licence fees and datacasting charges to be abolished saving broadcasters $130 million. Instead, they'll be charged a new annual spectrum fee estimated to raise around $40 million.

* $30 million over four years for subscription television to increase coverage of women's sports and niche sports.

* Restrictions on gambling advertising during live sports events.

* Anti-siphoning regime list to be reduced. It stops pay TV broadcasters from buying the rights to sports events before free-to-air broadcasters have the opportunity to purchase the rights.

* Two-out-of-three rule that prevents a company controlling more than two of three radio, television and newspapers in an area, to be scrapped.

* Axing of the rule which prohibits a proprietor from controlling a TV licence that reaches more than 75 per cent of the population.

* A broad review of Australian and children's content.