European Union: Issued EU Parliament position on European Media Freedom Act including requirement for impact assessment of media market concentrations
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Issued EU Parliament position on European Media Freedom Act including requirement for impact assessment of media market concentrations
On 3 October 2023, the European Parliament adopted its position on the European Media Freedom Act (EMFA) which aims to increase and promote transparency regarding media ownership and introduced safeguards for editorial independence and media pluralism. The EMFA introduces, among other things, a media pluralism test to measure the impact of media market concentrations resulting from mergers or acquisitions on media pluralism and editorial independence. Member States will be required to issue transparent and non-discriminatory rules for the assessment of media concentration and require entities to notify the authorities if an acquisition could result in a media market concentration that has the potential to impact media pluralism negatively.
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