Communications Minister Senator Helen Coonan says her media reform package has good prospects of becoming law and will be introduced to the Senate soon.
Senator Coonan said she plans to begin introducing the legislation shortly to have the package of reforms considered by the end of the year.
The changes would remove limits that prevent TV companies owning newspapers in the same market and loosen restrictions on foreign ownership of local operations, allowing media moguls to embark on a wave of takeovers to merge television, newspaper and radio outlets.
"There are significant issues to do with how the package progresses but I think that it's still got reasonably good prospects," Senator Coonan said.
She would not be drawn on whether the legislation could be introduced as soon as next week, but said some measures would be taken to the Senate soon.
"You're likely to see the legislation released very shortly and its a very large package of course so the bits that can be legislated reasonably soon will be available in legislation."
Nationals Queensland senator Barnaby Joyce has refused to rule out crossing the floor to vote against the reforms.
Senator Coonan said the package was still the subject of consultation, but it remained in the form in which it was announced.
"Some of it was to be developed later like the allocation of extra spectrum ... but nothing has slipped and everything is on course to have this very large group of measures considered before the conclusion of the year."
"I am in discussions with my colleagues about issues of concern, I make it very clear that I don't take any of my colleagues for granted and will continue to work through the issues," Senator Coonan said.
"My view is that the issues are not insurmountable."
