The Austereo radio group remains at the top of some forecaster’s lists as a company likely to become takeover prey under the new media ownership laws.

This morning’s AFR reports Austereo shares have moved up like others in the past ten days and despite protest from the company that its 66% shareholder Village Roadshow is not a seller, some think Village might reconsider if Austereo began trading above $2 a share.

The paper comments that the likes of Macquarie Media Group might already be able to bid for Austereo although it is now more concerned with overseas acquisitions.