Then they bought all the radio stations. One of them owns a free to air TV network, the other owns the pay TV network. There is a publically owned free to air network, but it owns a (small) share of the pay TV network, so won't compete with it.
They are now trying to claim they don't make enough money competing with each other so they need to merge.
Guess who's reporting on that as being a good thing? That's right, the media companies.