New bill raises foreign media ownership ceiling in Turkey
April 6th, 2010 - 9:04 UTC
by Andy Sennitt.
A bill that will make comprehensive changes to radio and television broadcasting in Turkey - including critical amendments that will affect foreign ownership in media agencies - is on its way to Parliament. The bill is critical in terms of foreign investment in Turkish media and is expected to facilitate foreign ownership in media in Turkey by allowing foreigners to own as much as 50 percent of a Turkish media organ.
Until now, most foreigners have shunned investment in this sector as, with only a maximum 25 percent ownership, they would not have any say in administration. The bill also removes the ban on foreign owners becoming partners in a second media organization.