Q4-2011 Shareholdings in the Media

With a view to elaborate in detail regarding foreign and domestic shareholdings in more than one media service provider entity, the Regulation Regarding the Procedures and Essentials of Shareholding in More Than One Media Service Provider has been enacted by Radio and Television Supreme Authority (published in the Official Gazette dated December 16, 2011 and numbered 28144). In a nutshell, the Regulation sets out in detail the concepts of indirect and direct shareholding of foreign and domestic companies in the Turkish media service providers and determination of the annual total commercial communication revenue and total sector commercial communication revenues.

 

Pekin Pekin