Russian Duma set to limit foreign ownership of media, including magazines, to 20%
The Russian legislature, the State Duma, is set to pass legislation which would limit foreign ownership of media properties to 20 percent. The legislation would not only involve broadcast properties, but print media, as well.
The new law may require some media companies to sell off all or portions of their ownership in print magazines to Russian investors.
The bill is not yet law, and Russian Press Distributors Association is appealing the provision concerning print media, but any restrictions would effect outside media companies who invested in the Russian market following the end of the Cold War.