While in Poland a large part of the media is managed by abroad corporations, the UK government plans to introduce a law prohibiting abroad companies from buying shares in British newspapers.

The bill came after a controversial proposal to acquisition the regular Telegraph and the weekly Spectator of Red Bird IMI from the United arabian Emirates.

In consequence to this, the UK government proposed a bill that would prohibit abroad states from holding shares in British news newspapers. According to the authorities, it is to defend this sovereignty and freedom of the press.

SEE ALSO: Sovereignty to abroad capital - without it there will be no large Poland

Lord Parkinson has announced that the planned ban is to regulation out the anticipation that newspapers and information magazine as a consequence of the merger will become property of abroad states. He indicated that the buy-out ban would not apply to broadcasters. In his opinion, if the fresh law were rapidly passed, it could effectively block the acquisition of the regular Telegraph.

Baroness Stowel, a erstwhile minister, besides commented on the matter, and now the president of the Communication and Digitisation Commission, which is headed by a cross-party initiative to prevent abroad states from taking over British media.

Allowing abroad governments to have specified a critical and delicate part of our nation, if allowed, would further undermine public assurance in us all," said the politician.

RedBird IMI is simply a company financed by the UAE government. The company owns 75% of its shares in Sheik Mansour – Deputy Prime Minister and Vice president of the United arabian Emirates. In the UK, he is mainly known as a individual active in the transformation of Manchester City football club.

Protection of media sovereignty in another countries

American law excludes the granting of concessions for broadcasting radio and tv programmes to citizens of another countries. The participation of abroad entities in media companies must not exceed 20%. abroad indirect investment is besides limited – radio and tv companies cannot in rule be directed by entities with more than 25% of which account for capital outside the US. In addition, the national Communications Commission may block the concession if it finds that it serves the public interest.

In Western Europe, the law is simply a small more liberalized, but it is inactive stricter than in Poland. Under French law, no foreigner may hold more than 20 percent of the shares of a company licensed to broadcast radio or tv in French or any another medium. It is besides hard to monopolize by countering cross concentration – having respective forms of media simultaneously. In Germany, since December 2018, the media company has been ordered to have a contribution of national or EU-based capital, or the European Free Trade Association, of at least 10% of the votes in decision-making bodies. Apart from preventive action, another countries already have a large share of national companies compared to abroad companies. In Hungary, more than 80% of the media marketplace belongs to home capital.

Nationals.net/bbc.com