Print Media Stares At New FDI Rulebook

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The process began last month when government revised the guidelines for
uplinking news channels from India, to bring television on par with print
media. If FDI rules mandated 51 per cent single Indian shareholding in print
(news and current affairs), it was made the same for the electronic media.
Now the level-playing effort of the government has caught up with the print
media (news) too, and changes have been made in its FDI guidelines. Print
media was opened to FDI only last year. According to a senior official in
the information and broadcasting ministry, there are two additions in the
print FDI norms. While one pertains to financial strength of the newspaper
and its circulation figure, another is about the definition of a ‘company’.
The objective behind the revised guidelines is to ensure that loopholes are
plugged, the official said. 

Source:
http://www.financialexpress.com/fe_full_story.php?content_id=41855