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Georgian Parliament Postponed Adoption of Mass Media Owners Transparency Law2010-12-17 18:11
Last Friday during its plenary session the Georgian Parliament decided to postpone the adoption of the amendments to the law "On Broadcaster" until the spring session. The amendments concern the issue of mass media owners data transparency, says "Echo of the Caucasus".gt-en-newsitem-inside
According to the draft law, companies incorporated in offshore zones will not be entitled to own more than a 10% share in any mass media, but the ban will not include foreign companies.
The opposition demands to exclude the formula forbidding the ownership of more than 10% share in mass media for companies incorporated in offshore zones, and at the moment it is being discussed with the majority.
Levan Vepkhvadze, Vice Speaker of the Parliament from the "Christian Democrats" parliamentary party put forward an initiative to postpone the draft law adoption. In his words, the draft law should be finalized and the final version is still being discussed.