Media ownership regulation affects the ability of news media organisations to develop their businesses and adapt to the changes in the economic climate and the wider media landscape. Media ownership and the coverage of the 20 general election in kenya. The impact of kenyas legal and institutional frameworks on. This eighth jmad new zealand media ownership report observes a considerable shift in new zealand media ownership. No exchange control there are no exchange control laws in kenya.
Media ownership and the coverage of the 20 general election. Kenya ranks 4th for african mergers, acquisitions, part 3 of 3. The senate commerce committee held a hearing on media ownership on november 8, 2007. This guide further provides information as to what constitutes a takeover, the manner in. Feb 25, 2016 major categories and subcategories of media in kenya 2. Mergers and acquisitions in east africa on the rise.
The asians later ventured into the business of ownership of some sections of the media. Get your free pdf by completing the following form. Analysis suggests that media and journalism in kenya face highly complex and changing. Publications mainly use english as their primary language of communication, with some media houses employing swahili. The acquisition of ocean agriculture ea by jh verwiel. Private media ownership can result in better quality products due to competition. Media ownership and its impact on media independence and. Concentration of media ownership and freedom of expression. The influence of media ownership and control on media agenda setting in nigeria okafor godson okwuchukwu phd department of mass communication, nnamdi azikiwe university, awkanigeria abstract. The media council act, 20 was assented to by the president on 24 december 20 and came into force on 10 january 2014 following the repeal of the media act, 2007 which established the media council of kenya. The degree of ownership consolidation seen in hungary has yet to take hold. Regulatory and ownership restrictions walker kontos. Kenyas two foremost media houses nation media group nmg and stan. Media ownership elizabeth hart in 2006, the bulletin magazine named murdoch the most in.
In both instances, an interim annual return is required to be filed. A newspaper consumer reads a copy of the africa edition of beijings staterun china daily newspaper in front of a newsstand in nairobi, kenya. Mar 26, 2015 merger activity resulting in a deemed change of control may require regulatory approval from either or both of the competition authority of kenya cak and the comesa common market for eastern and southern africa competition commission ccc for regional transactions. Kenya airways has unveiled a new shareholding structure following conclusion of the rights issue, which attracted more than 70 per cent subscription rate and interest from international investors. Three of the most significant mergers in kenyas history are facing significant challenges. Therefore the launch of factually true, legally untrue. The influence of media ownership and control on media agenda. The media council of kenya is an independent national institution established by the media act, 2007 as the leading institution in the regulation of media and in the conduct and discipline of journalists.
They can be horizontal deals, in which competitors are combined. The type of research design was the causal study that relies on control factors. The acquisition by almasi beverages of kisii bottlers, rift valley bottlers and mount kenya bottlers 2. The sample comprise of two companies that are listed in the nse at the time of the merger, kenolkobil and total. Rules restricting common ownership of broadcast stations, and of broadcast stations in combination with other media forms, were adopted tillinghast 2000. Kenyas exports are dominated by low processed agricultural produce figure 11. Mar 03, 2014 the competition authority of kenya cak was established by the competition act, 2010 the act to promote and safeguard competition in the national economy. Kenya, ghana, nigeria and egypt, are the poles of expansion when it comes to private, commercial, and community media in africa amdi. Major categories of media in kenya the mass media are the entire array of the media specifically envisioned and designed to reach a large audience. British private equity firm helios investment partners acquired a 60 per cent stake in telkom kenya. The kenya media vulnerabilities study african woman and child. Kenya and there are generally no restrictions on a company registering in kenya even if all the shareholders are foreigners.
Political media ownership in kenya 2012 about the author othieno nyanjom holds a doctoral degree from the university of sussex, an msc degree from bradford and a bachelors degree from nairobi. Kenya businesses for sale and investment opportunities. Both leaders have consolidated media ownership in the hands of their. Media ownership preface the issues of media ownership concentration and the formulation and implementation of an effective media legislation received considerable attention in recent years. Most of the mergers and consolidations of ownership in kenya have been detrimental to pluralism and diversity. The threat of losing market share to a competitor forces firms to put forth their best products. The daily nation reports that the communications commission of kenya cck is adamant that come tuesday 15th november tomorrow, any of the 26 broadcasters that will not have applied and paid for new licenses will lose their frequencies the various media owners under the umbrella of the media owners association have rushed this afternoon to court and obtained an. The central bank of kenya act however, provides that for every payment made. Mapping structural conditions of journalism in kenya mecodem. Trends of ownership and control of media in south africa version 3. Phembani, a blackcontrolled south african company focusing on the broader energy sector, holds 21. Major categories and subcategories of media in kenya 2. Kenya businesses for sale and investment opportunities in.
The acquisition of lord erroll limited by koita international kenya. Former fcc staffer adam candeub criticizes ig report. This study assessed the influence of media ownership and control on media agenda setting using nigeria as a case. The competition authority of kenya cak was established by the competition act, 2010 the act to promote and safeguard competition in the national economy.
Media ownership controls, mergers and acquisitions. Media ownership was a hot topic at the fccs hearing on localism on oct 31, 2007. Within these countries the media enjoy varying degrees of independence from government, political and economic control, or from control of materials and infrastructure. Within the media watch program, we drew attention to the threat these issues pose to media pluralism in 2002 based on. Undue concentration of media ownership and how it affects the free flow of. Who owns media in kenya and what are the implications of. The impact of kenyas legal and institutional frameworks. Within the media watch program, we drew attention to the threat these issues pose to media pluralism in. Radio was also started in 1928 to play the same kind of roles. Democracy at the crossroads t his research explores the relationship between journalistic freedom and media concentration in kenya through the lens of the propaganda model baker, 2007 as well as the media ownership theory, as propounded by shoemaker and reese 1991. Private media ownership has both positive and negative qualities.
Media owners with strong political affiliations tend to be politically coopted and influ. Mergers and acquisitions in east africa on the rise african. East africas mergers and acquisitions market has started picking up as companies look for ways to protect their market share and ensure better returns for shareholders. The aim of the study was to examine the relationship between ownership structure and. New zealand media ownership report jmad research aut.
This is the procedure of the change of directors in kenya under companies act, no 17. The relationship between ownership structure and leverage of firms listed in the nairobi securities exchange pamelah mukonyi1, kefah basweti2, simon kamau 3 1,2,3department of accounting finance and management science, egerton university, kenya abstract. Kenyas jamii bora bank is currently looking for a merger with another local bank to shore up its finances. Megamergers face pushback from shareholders and activists.
This year, the largest concluded deals have seen helios sell a stake in equity bank to norwegian funds and and old mutuals purchase of a 60. The relationship between ownership structure and leverage. Media practioners and other kenyans, eaten with curiosity have always wanted to know who owns which media. The competition act allows the tribunal to look at the merits of the competition authoritys cak decision therefore and has power to. But media regulators have actually stimulated the ownership concentration process. The influence of media ownership and control on media agenda setting in nigeria international journal of humanities social sciences and education ijhsse page 38 3. Ownership engen limited is majority owned by petronas 74% holding, one of the worlds leading oil companies and a member of the fortune 500. The media we want the media vulnerabilities study report 3 contents 1. The purpose of this study was to establish the effects of mergers and acquisitions on shareholder wealth of listed petroleum companies in kenya. The impact of mergers and acquisition on the financial. The relationship between ownership structure and leverage of.
However, today kenya has a plural, sophisticated and robust mass media and communication sector that serves the various competing political, social, economic. Revised edition 2010 1983 published by the national council for law reporting with the authority of the attorney general. The media in kenya is regulated by a statutory body called the media council of kenya. Mergers and acquisitions are usually, but not always, part of an expansion strategy. The study set to establish whether the many mergers that have happened in kenyas banking sector had influenced financial performance. As media ownership begins to diversify, audience demand increasingly drives content. The influence of media ownership and control on media. Laws of kenya the media act chapter 411b revised edition 2009 2007 published by the national council for law reporting with the authority of the attorney general. The controls affect the ability of news media publishers to acquire new titles, and to expand their news provision services across other platforms such as. Thirdly, the media provided a channel for social communication among the settlers in kenya from different parts of the country.
In april 20, mr paul kinuthia, the founder of startup firm interconsumer limited sold off its health and beauty division to laoreal, a french cosmetic giant. Kenyan mergers and acquisitions of 2015 quantum economics. He is a researcher and private consultant on a wide range of development issues. The population comprised of the listed petroleum companies in kenya. Manufacturing firms that are quoted on the securities exchange have more access to funds from the public hence their borrowing ability increases their leverage which in turn influences the. Media ownership patterns the ownership of the mass media namely. The report notes that the impact of this merger on the future ownership of stuff and its new zealand media holdings remain unknown. The company secretary will then assess the stamp duty and have the transfer registered at the registrar. Section 42 2 of the act requires that merging entities should seek the approval of cak prior to implementing a merger where such merger would lead to the acquisition of.
Relative employment creation, average growth rate, and % contribution to gdp 2011 for key sectors figure 12. Membership of the complaints commission a a chairperson, who shall be a person who holds or has held a judicial o. Media in kenya includes more than 91 fm stations, more than 64 free to view tv stations and an unconfirmed number of print newspapers and magazines. Who owns media in kenya and what are the implications of this. Vernacular or communitybased languages are commonly used in broadcast media. The deals in kenya are mostly in the nontraditional sectors. Trends of ownership and control of media in south africa. In the united kingdom, for example, a law, intended to. Mergers and acquisitions sweep corporate kenya as global. We can safely assert that media concentration and its in. Media ownership and the coverage of the 20 general.
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