MOSCOW: A new Russian law limiting foreign ownership of media has upended the sector, forcing companies to scramble to comply and throwing into doubt the fate of TV channels, glossy mags and news dailies.
Adopted swiftly in an atmosphere of increased distrust of the West fuelled by the Ukraine crisis, the law signed by President Vladimir Putin last October orders media companies to have no more than 20 percent foreign ownership as of January 1, 2016.
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