Paragraph 2 I1

(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.

Annotations

Commencement

I1: Sch. 14 para. 2 in force at 29.12.2003 by S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)