KL bars foreign stakes in local TV

KL bars foreign stakes in local TV

KUALA LUMPUR (DPA): Malaysia will not allow foreigners to hold
stakes in the country's television stations, Information Minister
Mohamed Rahmat said yesterday.

Mohamed also accused some foreign journalists of being
politically motivated in their reporting on Malaysia, which has
been suffering from an economic downturn due to the regional
financial crisis.

Malaysia has six television stations, including two which are
state-run and under the Information Ministry.

Mohamed also renewed the government's attack on the foreign
media, saying negative stories about Malaysia were aimed at
driving away foreign investors to jeopardize the economy.