Seoul Media Bills Pass After Brawl
'The National Assembly passed three bills to modernize South Korea's media industry, including allowing companies to own both broadcast and print properties. The voting, which took place Wednesday amid fistfights and shouting matches among lawmakers, capped months of acrimony over the measures.
The bills -- which must be signed by President Lee Myung-bak to become law -- set the stage for the government to privatize its media properties, which include three of the nation's four broadcast television networks, the Yonhap news agency and 24-hour cable news channel. The government hasn't announced sale plans.'
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URL Link: http://online.wsj.com/article/SB124825738778771665.html
Author Organisation: Wall Street Journal