|Is media ownership transparent?
|YES FOR BROADCAST MEDIA ONLY
According to the law, it is possible to finds out who owns broadcast media only in Georgia through information reported to the media authority, Georgian National Communications Council (GNCC), and directly to the public. As a result of amendments to the Law on Broadcasting in 2011, broadcast media must disclose enough information for their real owners to be identified. This includes information on the size of shareholdings, beneficial owners and those with indirect interests and control. Ownership of broadcast media by offshore companies was a central amendment to the law.
Information on the ownership of print and online media ownership is only available through provisions of corporate law and as such it is not easy to identify the real owners.