SCHEDULES
SCHEDULE 14Media ownership rules
Part 1Channel 3 services
Restrictions on participation
2
1
A person who is—
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.