Foreign ownership in Fuji Television Network Inc. was measured at 19.2 percent as of Tuesday, leaving it just below the legal limit of 20 percent, the television network said Wednesday.
The ratio was 18.66 percent at the end of March.
Fuji Television made the announcement to comply with broadcasting legislation that requires broadcasters to publicly disclose foreign ownership ratios when they rise above 15 percent.
Under the Radio Law, a broadcasting company loses its license when foreign ownership exceeds 20 percent. The company said it will reject fresh ownership transfers to foreign investors if the ownership ratio threatens to top 20 percent.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.