"Turkey to allow 50% foreign ownership in broadcasting
January 8th, 2011 - 10:01 UTC
by Andy Sennitt.
Turkey’s Parliament on Thursday approved legislation allowing foreigners to own 50 percent of Turkish broadcasters, doubling the limit and paving the way for more acquisitions from abroad. Voting was continuing on other articles of the broadcasting law in Parliament. The law is expected to shift investors’ attention to buyouts in Turkey’s fast-growing media industry. Turkey’s media sector is dominated by Dogan Yayin, which owns major television stations as well as newspapers with large circulation such as Hürriyet and Milliyet."
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