What will happen if the current laws stay the same?

Answer

Over the past 15 years television newsrooms have been closed in Griffith, the Gold Coast, Newcastle, Wollongong, Canberra, Orange, Wagga Wagga, Mildura and Albury and news services and local coverage scaled back in Bendigo, Ballarat and Gippsland, Mt Gambier, Albany, Bunbury, Geraldton and Broome. 

If we don't update the Broadcasting Services Act to reflect the changed media landscape, the trend of reduced local content, newsroom scale-downs and closures will continue.