A Hoot Editorial From www.thehoot.org

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When the government finally announced on June 25 that it would allow up to 26 per cent foreign investment in the print media sector in India the decision capped one of the longest and most dogged campaigns over media policy conducted by media companies in India. Those wanting foreign investment began their campaign nine years ago, when Manmohan Singh was Finance Minister and P V Narasimha Rao was Prime Minister. The economy was opening up, satellite TV channels had come in, and the climate seemed right to seek a reversal of a Cabinet Resolution of 1955 which upheld the recommendation of the first Press Commission that press ownership should be predominantly in Indian hands. ...cont´d

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