Рейтинг@Mail.ru
RusEng

News

Russian upper house approves foreign media ownership bill

15:31 01/10/2014

MOSCOW, October 1 (RAPSI) – The Federation Council approved a controversial bill seeking to restrict foreign ownership of media in Russia, RIA Novosti reported Wednesday.

On September 26, the State Duma adopted in the second and third readings a bill to limit foreign ownership in Russian media outlets, including print media, to 20%.

Under the bill, foreign citizens, stateless persons and Russians with dual citizenship may not found media outlets. The restrictions would be effective on January 1, 2016.

Under current legislation, foreigners can own up to 50% of a TV channel or radio station, but there is no limit on foreign shareholding in the print media. A case in point is one of the leading Russian business publications, Vedomosti newspaper, which is co-owned by The Financial Times, The Wall Street Journal and European media holding Sanoma.

Lawmakers engaged in the bill sponsorship repeatedly stated that the amendments are aimed at strengthening Russia’s security and are not an attempt to pressure the media.

However, the Presidential Council for Civil Society and Human Rights says this bill is in conflict with legislation and will not achieve its goals.

Share thisE-mail this articlesubmit newsAdd to blogrss feed
Add to blog
To link to this material, copy the code to your blog.
Publishing code:
Preview:

Russian upper house approves foreign media ownership bill

15:31 01/10/2014 The Federation Council approved a controversial bill seeking to restrict foreign ownership of media in Russia, RIA Novosti reported Wednesday.
Forward news story

All fields are mandatory!

Submit news

All fields are mandatory!

Share this

Top news