"This amendment seeks to put specific restrictions on the ownership of Channel Five, which would create a concentration of power in any industry and in the communications industry it would constitute a threat to our democracy, " said Lord McNally.
The cable companies would be reluctant to pass up an opportunity to increase their ownership in the channel because it is profitable, the people say.
People who have reviewed the ownership agreement for the channel said both minority stakeholders can block any sale of part of the network to a competitor and have the right to buy any shares of the network the Mets owners want to make available to an outside investor.
The Competition Commission has warned the Channel tunnel operator's ownership of MyFerryLink may be anti-competitive.
Next on his shopping list will likely be majority ownership in Sportsnet, an all-sports cable channel on which he can air his Blue Jays' games.
It is now widely believed that Fred Wilpon and Saul Katz will not be able to maintain ownership of the New York Mets and their regional sports channel, SportsNet New York.
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Bodies with some element of public ownership, such as Royal Mail, the Met Office and Channel Four, could see fewer and smaller payments as a result.
Anecdotally at least, the evidence suggests that in the smaller markets most susceptible to monopolization, where Clear Channel has its strongest presence, diversity has actually increased as ownership consolidated.
The latest charge:In several instances, Clear Channel is deviously using front companies to evade the Federal Communications Commission's strict ownership caps.
Foreign ownership of media has always been especially controversial: after all, in democracies, the media are the main channel between the governed and the government.
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