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Deadline extended for uplinking news channels

Deadline extended for uplinking news channels

Author | exchange4media News Service | Saturday, Oct 16,2004 8:28 AM

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Deadline extended for uplinking news channels

The deadline for giving uplinking facility for news and current affairs television channels has been extended to the end of this month to enable the Government to review the prescribed guidelines and eligibility criteria for this purpose revised in August last year.

The Cabinet gave its ex-post-facto clearance on Wednesday. The proposals seeking amendments in the existing guidelines are being processed in consultation with the Ministries concerned and will be submitted to the Cabinet shortly.

In March 2003, the Government had permitted foreign investments in news and current affairs channels with some restrictions. These eligibility criteria were further revised in August last year in respect of news and current affairs.

Currently, there is pressure in permitting foreign institutional investors (FIIs) to pick up stake in news channels. The Information and Broadcasting Ministry has to take a view on the issue.

Tags: e4m

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