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V.L!!Federal Negarit Gazeta No. .64 4th December, 2008…. page
4330
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3/ Without prejudice to sub article (1) and (2) at
this Article any person who exercises
effective direct or indirect control over a
company operating a periodical may not
exercise effective direct or indirect control
over another company running a periodical
published in the same language and servicing
the same or an overlapping market
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4/
Untill the procedure for determining and
assessing effective control referred to in sub
articles (1) to (3) of this Article shall be laid
down by specific law, in the absence of
evidence to the contrary, a person shall be
regarded as exercising such control if he
either directly or indirectly holds fifteen
percent or more of the shares or capital of the
entity .
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5/ For the purpose of Article 5(1) of this Proclamation,
a company is of an Ethiopian nationality if its total
capital originates from a local source or persons
holding its capital or voting rights are Ethiopian
nationals and it does not include a company
whose capital or voting rights are helld by a
locally registered business organization in which
foreign nationals acquired voting rights. Similarly
an association is considered as local if it is
registered as local association in accordance with
the charities and associations law.
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6/ Any person who is not a juridical person may
not own a broadcasting service, news agency
service or periodicals.
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7/ The provisions of this Article shall also apply
to a mass media from abroad which facus
primarily on domestic issues and which have
been produced primarily for local audiences.
Distributors
Entities which offer distribution services to
periodicals shall not discriminate in either the
provision of those services or the fees charged for
them on the basis of the content of a periodical.