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B r a z i l 18. REGULATION
OF FOREIGN OWNERSHIP OF PUBLICATIONS Article 222 of the Constitution states, Ownership of a newspaper
company or radio or television company is restricted to Brazilians
by birth or naturalization more than 10 years prior and they shall
be responsible for its administration and intellectual orientation. 1. Shareholding in the newspaper or broadcast company by juridical
persons is prohibited, except for political parties and coalitions
whose capital belongs exclusively and nominally to Brazilians. 2. The shareholding mentioned in the foregoing paragraph shall
be only in non-voting stock and shall not exceed 30% of the outstanding
shares. Article 3 of the Press Law states, Ownership of media companies,
whether political or simply news, by foreigners and public corporations
is prohibited. §1. Neither foreigners nor juridical persons, with the exception
of national political parties, may be partners or shareholders in
media holding companies nor may they exercise any form of control
over them directly or indirectly. §2. Responsibility for media companies and their administrative
and intellectual orientation shall correspond exclusively to Brazilians
by birth, it being rigorously prohibited to make any kind of technical
assistance agreement with foreign companies or organizations that
enables them, under any pretext or in any way, to have a direct
or covert participation, through agents or employees, in the management
and orientation of the media company. Article 4: Only Brazilians by birth shall have responsibility
for the intellectual and administrative orientation of news and
features services, commentaries, debates and interviews broadcast
by radio and television companies. §1. It is prohibited for
broadcast companies to have a technical assistance agreement with
foreign companies or organizations, whether concerning their management
or orientation, it being rigorously prohibited that they, in any
form or manner, under any pretext or by any means, have or appoint
employees or technicians who, directly or indirectly, may become
involved in or gain knowledge of the management or orientation of
the broadcast company. 2. The prohibition mentioned in the foregoing paragraph does
not apply to the strictly technical or artistic portion of the programming
and provision of equipment of the company. Article 65: Foreign companies authorized to operate in the
country may not distribute national news in any part of Brazil,
under penalty of cancellation of the authorization to operate by
the Ministry of Justice and Interior Affairs.
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