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Saturday, January 08, 2011

UPDATE 1-Turkey in move to allow 50% foreign TV ownership | Reuters

"UPDATE 1-Turkey in move to allow 50% foreign TV ownership

Thu Jan 6, 2011 11:09am EST

* Draft law doubles amount foreigners can own

* Legislation seen paving way for acquisitions by foreigners

By Pinar Aydinli

ANKARA, Jan 6 (Reuters) - Turkey's parliament approved on Thursday legislation allowing foreigners to own 50 percent of Turkish broadcasters, doubling the limit and paving the way for more acquisitions from abroad."

More:UPDATE 1-Turkey in move to allow 50% foreign TV ownership | Reuters