CTC Media requests to withdraw the holding of a law limiting foreign investment in the media – BBC

CTC Media requests to withdraw the holding of a law limiting foreign investment in the media – BBC

Mediaholding CTC Media, which owns TV channels CTC, “Home”, “Pepper” and STS Love, asked for clarification from the State Duma of the possibility of withdrawal of public companies from the application of the law to limit the share of foreign capital in the Russian media. On Thursday informed the CEO of the media holding Juliana Slaschova correspondent “Gazety.Ru».

In addition, according to Slaschova at CTC Media Board of Directors has formed a special committee to analyze the situation with the consequences of the law and will develop a variety of options for restructuring. “This committee currently selects consultants of the number of lawyers and investment bankers, who will continue to work on this topic together with the board and management of CTC Media», – told Slaschova.

September 26, the State Duma adopted in the third reading bill establishing a maximum share of foreign shareholders in the Russian media at the level of 20%. On October bill was approved by the Federation Council, but not yet signed by the president.