Top Story

e4m_logo.png

Home >> Media - Others >> Article

Govt plans to restrict cross-holding in media

18-June-2005
Font Size   16
Govt plans to restrict cross-holding in media

A newspaper firm won't be able to hold 100% in a TV or radio company.

The information and broadcasting ministry is considering cross-holding equity restrictions in the media.

This means, a newspaper company will not be allowed to hold the entire equity in a television or a radio broadcasting company and vice versa. Also, a television broadcaster will not be able to own the whole of a cable distribution company.

At present, similar cross-holding restrictions exist in direct-to-home (DTH) broadcasting, wherein a broadcaster can hold only up to 20 per cent in a DTH company.

A detailed policy framework to this effect will be worked out soon and will be taken to the Union Cabinet for its consideration. The exact holding restrictions will then be worked out.

According to a senior information and broadcasting ministry functionary, the proposed policy will include not only the broadcasting companies but also print media companies.

“This will be a part of a comprehensive policy. The cabinet will take a call on the issue as it will have serious ramifications,” said the official, adding that the measure, on the lines of restrictions in some other countries including the UK, is designed to prevent any build-up of monopolies in the sector.

Information and broadcasting minister S Jaipal Reddy had proposed a similar move during his earlier stint as the minister in 1997. But the proposal was withdrawn following protests from media companies.

“We want to have a consensus on the issue, before going ahead. Stakeholders will be consulted before taking such a step,” the functionary said.

Government sources said the idea came into being after recent incidents where certain media companies violated rules in spirit to start DTH ventures.

The officials also said the government was likely to permit private FM radio companies to have foreign direct investment up to 20 per cent.

Under the current norms, only portfolio investments up to 20 per cent are allowed in private radio companies.

Government officials also said that the information and broadcasting ministry was not in favour of allowing news and current affairs programming in private FM radio companies. A proposal to this effect has already been sent to the cabinet.

Tags

Shantanu Gangane says OTT platform Viu plans around 20+ originals and is all set to enter the Tamil market with a mix of syndicated and original content

Co-founder and CEO of Britzo launched IVVO smartphone under the ‘Make in India’ program

Sidharth Gupta, Co-founder, Treebo talks about their outdoor campaign ‘Perfect stay or don’t pay’, what prompted this bold advertising move, its targeting, and the metrics that the brand utilizes to measure the efficacy of such a campaign

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Co-founder and CEO of Britzo launched IVVO smartphone under the ‘Make in India’ program

“Hate speech targeting journalists is shared and amplified on social networks, often by troll armies,” the report read while stating the reason for drop in India’s rank.

We take a look at travel company, MakeMyTrip’s ad with its brand ambassadors – actors Ranveer Singh and Alia Bhatt which has garnered the brand 4,239,789 views on YouTube