11/8/2010

Bill doubles foreigners' share in Turkish media

Today’s Zaman - The Turkish Parliament's Constitution Committee has approved a Radio and Television Establishment and Broadcast Services bill intended to restructure radio and television broadcasting principles, increasing the potential for foreign investment in Turkish broadcasters to 50 percent.

The committee, along with Turkey’s Deputy Prime Minister Bulent Arinc, discussed and approved the 50-article bill, making only minor amendments on Thursday. "We want to encourage equality in radio and television broadcasting," said Arinc. "Foreign capital should also enter the country in this field and have some opportunities." The bill allows foreign capital to own 50 percent of Turkish media organizations, an increase from the former cap of 25 percent. It also removes the ban on foreign owners becoming partners in a second media organization, meaning that foreigners can now buy shares in more than one media organization.
turkey; turkish media; broadcasting industry; media organization; broadcast services; turkish broadcasters