It means neoliberal, except at least in Australia their Labor party is still somewhat beholden to their unions, which are significantly stronger than in America.

The trade-off being, literally all news out there is Fox News.

There are two major media conglomerates, the Murdoch press, and the even more insane, Nine Entertainment. Together they own pretty much all newspapers and TV news stations.

They might also control the AM news stations, which are still relatively big given their geography, and lackluster nationwide Internet, but I don't recall off the top of my head.

Oh, and the last decade plus of Liberal/coalition governments, gutted the ABC and installed conservative toadies. Not sure what, if anything's changed under Albo, but the type of damage that was done can't all be readily be undone.