Labor Increases Funding for Public Broadcasters ABC and SBS

The Australian Broadcasting Corporation (ABC) logo adorns the top of it’s Melbourne headquarters, as journalist and staff strike demanding better pay and protections to stop artificial intelligence taking their jobs, in Melbourne, Australia on March 25, 2026. William West/AFP via Getty ImagesThe Labor government will step up funding for both public and private media organisations as part of its latest budget announced by Treasurer Jim Chalmers on May 12.Details of the plan are reported in the 2026-27 federal budget papers (pdf), outlining plans to fund media outlets and control who receives money from the proposed News Bargaining Incentive.