Wednesday, September 17, 2014

The State Duma may restrict foreign investment in the media – NTV.ru

The State Duma may restrict foreign investment in the media – NTV.ru

Parliamentarians consider it necessary to prohibit the act as founders of any media to foreign individuals and legal entities, as well as Russian citizens, dual nationals and stateless persons.

How to write the “Izvestia”, the corresponding bill introduced in the lower house of parliament.

In the current edition of the media law restrictions on foreign participation in television and radio is set at 50%, and this restriction does not apply to the print media, reminiscent of the “Izvestia».

Now, the deputies decided lower the bar to 20% and include a ban all media assets, including print and online editions. The ban does not affect those media projects that do not have a license media.

Restrictions proposed to introduce from 1 January 2016. Media owners given time till February 1, 2017 to bring the entire corporate chain in accordance with the law, and the new instruments of the owners and founders should be transferred to Roscomnadzor no later than February 15, 2017.

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