Saturday, 19 September 2015
OWNERSHIP Russia limits foreign ownership to 20%
In very stark contrast to British (de)regulation and laissez faire media market, dominated by foreign ownership and with the one major British success story (the Beeb) under intense threat, Russia has introduced strict ownership limits.
Jeremy Corbyn has hinted at a policy of forcing media conglomerates to break up, divest subsidiaries (with Murdoch's empire thought to be a key target) - one reason why he faces such incessant flak (yes, Chomsky's concept, filter, once more) from a hostile press.
Vladimir Putin had responded to his own dislike of media criticism by effectively forcing a series of high profile, influential western media outlets to be sold to Russian companies, reducing the likelihood of media scrutiny.
In the land of the free (market) this has not gone down well, but, although its limits have been steadily diluted, the US's main federal regulator, the FCC, also enforces limits on non-US ownership of media. Murdoch took on US citizenship to be able to expand his American holdings. He faced no such issues in the UK when buying the Sun and Times newspapers, nor when buying out BSkyB shares ... at least until the phone-hacking scandal saw public outrage trump the complicity of a friendly free market government.