in licensed radio and/or television programme broadcasting and/or re-broadcasting activities in the Republic of Lithuania. 3. Upon selling or otherwise transferring at least 10% of the broadcaster’s or re-broadcaster’s shares (interests, member shares), a licence holder must, not later than within 30 days of the transfer of ownership rights, inform thereof the Radio and Television Commission of Lithuania (hereinafter referred to as the “Commission”). 4. Where upon selling or otherwise transferring the shares (interests, member shares) of a broadcaster and/or re-broadcaster holding a broadcasting and/or re-broadcasting licence there is a change of the owner (owners) of the majority holding or where the control (management) of a licence holder is transferred to another person (persons) on other grounds, the persons intending to transfer and acquire the shares (interests, member shares) and/or control (management) must obtain a written consent of the Commission. 5. The Commission may refuse to give its consent to the transfer of a broadcaster’s and/or rebroadcaster’s shares (interests, member shares) and/or its control (management) if: 1) persons who intend to transfer and acquire the broadcaster’s and/or re-broadcaster’s shares (interests, member shares) and/or its control (management) have not submitted the data required by the Commission or have submitted incorrect data; 2) persons who intend to transfer and acquire the broadcaster’s and/or re-broadcaster’s shares (interests, member shares) and/or its control (management) are prohibited, in cases provided for by laws, from being participants of producers and/or disseminators of public information; 3) the transfer and acquisition of the broadcaster’s and/or re-broadcaster’s shares (interests, member shares) and/or its control (management) results in concentration and an authorisation from the Competition Council has not been obtained where such an authorisation is required under the Law on Competition. 6. State and municipal institutions and agencies (except for research and educational establishments), banks and political parties may not be producers of public information and/or their participants; however, they may publish non-periodical informational publications and have the information society media intended to inform the public of their activities, unless otherwise provided for by laws. 7. Every producer of public information or a participant thereof must appoint a person (editor-in-chief, editor, programme host or another person) responsible for the content of the media. Where the same natural person is both a producer of public information and a participant thereof, he shall have responsibility for the content of his media. 8. Producers of public information: 1) in disseminating information to the public, may not distort correct and impartial information and opinions and use that for sordid purposes. Public information shall not be compatible with journalistic campaigns which are held based on prejudice or to satisfy group or political interests; 2) must be objective and impartial and to provide as many opinions as possible on the controversial issues relating to politics, economy and other issues of public life;

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