Is the broadcast media moratorium a ridiculous impediment on freedom of expression?

Whether or not people are in favor of it, or whether there is a very valid reason for doing so, is in my opinion irrelevant. The constitution states in Article 40:
This means that the government cannot infringe on the right to free expression when a media outlet did not "undermine public order or morality or the authority of the State."
In my opinion the moratorium should require a referendum.