09-12-2010

Turkey Approves Media Foreign Ownership Bill

By FNE Staff
The Turkish Parliament has approved a bill that will allow an increase in foreign ownership of Turkish TV and radio. Foreign investment will now cap at 50%, doubling the previous 25% limit.
According to a report by the Turkish American Chamber of Commerce and Industry, the bill was passed by the Parliament's Constitution Committee, and covers a range of restructuring of radio and TV. The bill also eliminates the ban on foreign ownership of multiple media organizations. Previously a foreign partner could hold ownership in only one Turkish media company. The Deputy Prime Minister of Turkey Bulent Arinc said, "Foreign capital should also enter the country in this field and have some opportunities."