Saturday, September 20, 2008

Easier Access to Foreign News Magazines

The Government has liberalised the policy for foreign print media, which now allows foreign news and current affairs magazines to publish Indian editions. This will allow Indian readers to access these magazines at more affordable rates. LiveMint has a report:

“India has decided to allow the publication of local editions of foreign news and current affairs magazines, lowering a significant hurdle to entry of more foreign news media into the country.

The changes, announced by the Indian cabinet, reiterated the 26% cap on foreign direct investment into Indian news print ventures.

But, the latest relaxation means that news magazines such as Time, Newsweek, The Economist or BusinessWeek, can now enter into an agreement with an Indian publisher to publish cheaper Indian editions with up to 100% foreign content, and to sell advertising in India for the publication. There were major restrictions on both those fronts until now.

The new policy retains significant content and advertising restrictions on foreign newspaper ventures in India, continuing a policy of discriminating in favour of television news and, now, news magazines over newspapers.”

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