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New Delhi, Dec 31: The group of ministers (GoM) on print media had the first meeting on Friday. Earlier, the meet was deferred thrice during this month. The GoM, headed by home minister Shivraj Patil, was set up recently to take a relook at print media norms.
The TV broadcasting sector is also in the process of witnessing new norms. Although TV news channels had time till December 31 to comply with the current set of foreign investment norms, the government has not issued any fresh notification yet.
While FIIs are not allowed to invest in news channels, many players in this domain are not complying with the norm. There were indications that the government would relax the guidelines, and allow FIIs in news channels.
Even as there are no new guidelines/notification yet, industry players are expecting FIIs to be allowed in news channels soon. Share prices of some of the news channels rose on Friday in anticipation of a more liberal regime, it is learnt.
When contacted, an official in the information and broadcasting ministry said that no notification had been issued by the government on allowing FIIs in news channels.
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