# Communications Act 2003, Paragraph 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.

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Source: https://www.legislation.gov.uk/ukpga/2003/21/schedule/14/paragraph/2 (the official version)
Page: https://openlegislation.uk/communications-act-2003/schedule-14/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.