Labor says that, in three years, ‘all we may have is a number of unemployed cadets and some obsolete equipment’

Selected universities will be able to benefit from the government’s $60m media innovation fund but there is no guarantee of the fund’s future beyond its slated three years.

Details on the fund, which was established in exchange for Nick Xenophon’s support for the Turnbull government’s media changes, including scrapping the two-out-of-three ownership rule, have been scant, with equipment, scholarships and cadetships making up the package’s skeleton.

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