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

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

Photo Credit:
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
·        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
·        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.)
·        EM-Holding (U.S.): Ekho Mosvky

Author: Mikhail Vesely

Tags: Russian law Vedomosti    

Next Previous

You might also find interesting:

Shrovetide Celebrations In Moscow Parks Top 20 Richest People in Russia 2011 33% of SMEs in Russia Faced Corruption in 2018 Nobel Prize fished from the trash Mergers and acquisitions of Russian market

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Tver  Wedding Train  Kirov Region  Russian Astronauts  Russian opera singers  St. Petersburg  Russian airlines  Moscow  Russian Discoveries  Russian artists  Nikolai Gogol  Joseph Stalin  Maria Sharapova  Russian Museums   Romanovs  Yakutia  Moscow Operetta  IT Planet olympiad  Sollers  Stage  Altai Territory  Arch-Moscow  migration in Russia  Vladimir Shukhov  Russian regions  Fashion festival  travel to Russia  Mercedes-Benz Fashion Week Russia  Rome  aircraft  New Films  Russian business  Robots  Russian tourism  Exhibitions in Moscow  Vasily Kamensky  Architecture of St.Petersburg  Tsaritsyno  Konstantin Malofeev  Ilya Lagutenko  Charity  Russian politics  Elbrus  Russian Cinema  Sky And Earth  Festivals in Moscow  interview  gallant style  Timur Novikov  Varlam Shalamov 

Travel Blogs
Top Traveling Sites