Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS


Inside New Media Ownership Law
September 29, 2014 10:47


Photo Credit: http://au.news.yahoo.com
The Russia parliament has passed in final reading a bill limiting foreign ownership in the country’s media in a move to bolster national security amid a raging propaganda war over the Ukraine crisis.
 
The law authored by Liberal Democrat Vadim Dengin, Vladimir Parakhin (Fair Russia) and Denis Voronenkov (The Communist Party) bans foreign companies from owning more than 20 percent in Russian media.
 
Today, the ownership is only limited by a 50 percent stake for TV networks, and does not apply to print media.
 
The changes will take effect starting from Jan 1, 2016, but the publishing industry will have one more year to sort out the ownership issues.
 
Critics say the move will further suppress freedom of speech in Russia, and its main target is rumoured to be the leading business daily, Vedomosti, and the Russian version of Forbes.
 
Below is the list of foreign entities affected by the law that was fast-tracked by the State Duma:
 
Newspapers and Magazines
·        Sanoma (Finland): Vedomosti, The Moscow Times, The St. Petersburg Times, Cosmopolitan, Harper's Bazaar, Harvard Business Review Russia, Men's Health, National Geographic Russia, Robb Report Russia, Popular Mechanics Russia.
·        News Corp (U.S.) co-owns Vedomosti via The Wall Street Journal.
·        Pearson (Britain) co-owns Vedomosti via FT Group.
·        Hearst Corporation (U.S.): Elle, Maxim, Marie Claire, Psychologies, Elle Girl, Elle Decoration, Schastlivie Roditeli, Departures, Cosmopolitan, Harper's Bazaar, Harvard Business Review Russia, Men's Health, National Geographic Russia, Robb Report Russia, Popular Mechanics Russia.
·        Axel Springer (Germany): Forbes Russia, OK! Magazine, Gala Biography, GEO, GEO Traveller, GEOlenok, and Finanz.ru.
·        Conde Nast (U.S.): Vogue, GQ, Glamour, architecture magazine AD, Tatler, Conde Nast Traveller and Allure.
·        Burda (Germany): Playboy, and many others.
·        Bauer Media (Germany)
·        Metro International (Sweden): Metro
 
Television
·        CTC Media and Modern Times Group (Sweden): Entertainment channel CTC, family channel Domashny, male-oriented Perets.
·        Walt Disney (U.S.): Disney Channel
·        Discovery Communications (U.S.), Modern Times Group (Sweden), Viacom (U.S.), Sony Entertainment Television (U.S.)
 
Radio
·        EM-Holding (U.S.): Ekho Mosvky
 



Author: Mikhail Vesely

Tags: Russian law Vedomosti    

Next Previous

You might also find interesting:

Russia Iran Economic Relations Russian Billionaires Ranking Yevtushenkov Case Sberbank May Become One Of the Most Competitive Digital Companies The Supply Of European Goods to Russia Has Fallen by Almost 16 Percent Annually









Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Sculpture  Russian hospitality business  Russian music  The Romanov Family  Regional Cuisines  Exhibitions in Moscow  Russian tourism  Christmas  Fabio Capello  Valentina Matvienko  Facebook Hacker Cup  Russian Cinema  Russian regions  Andrei Rostotsky  Awards  Russian political parties  Gourmet Tours  Moscow Clubs  Russian writers  Russian business  biology  St. Petersburg  Eduard Uspensky  Festivals in Moscow  New Moscow  Ufa  Russian Monuments  Leonid Yarmolnik  New Films  Kaliningrad  Asteroid Apophis  lapty  Mercedes-Benz Fashion Week Russia  the Russian Academy of Sciences  Vologda  travel to Russia  Novodevichy Cemetery  Archeology  Balakhna  Maria Alekhina  Heroism   Moscow  money  Illustration  Unusual Monuments in Russia  Exhibitions in Saint Petersburg  Golden Mask  LGBT  Darya Saltykova  invalids in Russia 


Travel Blogs
Top Traveling Sites