2(1)A person who is—U.K.
(a)the proprietor of a national newspaper which for the time being has a national market share of 20 per cent. or more, or
(b)the proprietor of national newspapers which for the time being together have a national market share of 20 per cent. or more,
is not to be a participant with more than a 20 per cent. interest in a body corporate which is the holder of a licence to provide a Channel 3 service.
(2)A person who is the holder of a licence to provide a Channel 3 service is not to be a participant with more than a 20 per cent. interest in a body corporate which is a relevant national newspaper proprietor.
(3)A body corporate is not to be a participant with more than a 20 per cent. interest in a body corporate which holds a licence to provide a Channel 3 service if the first body corporate is one in which a relevant national newspaper proprietor is a participant with more than a 20 per cent. interest.
(4)A restriction imposed by this paragraph on participation in a body corporate which is the holder of a Channel 3 licence applies equally to participation in a body corporate which controls the holder of such a licence.
(5)Any restriction on participation imposed by this paragraph—
(a)on the proprietor of a newspaper, or
(b)on the holder of a licence,
is to apply as if he and every person connected with him were one person.
(6)In this paragraph “a relevant national newspaper proprietor” means a person who runs—
(a)a national newspaper which for the time being has a national market share of 20 per cent. or more; or
(b)national newspapers which for the time being together have a national market share of 20 per cent. or more.
Commencement Information
I1Sch. 14 para. 2 in force at 29.12.2003 by S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)