SECTOR 2 2.5 Adequate competition legislation/regulation seeks to prevent media concentration and monopolies. Article 71 of Law 002 “forbids any form of shareholding, in the capital of a media house, which will allow direct or indirect control of more than 20% of all the private media houses in the country”. Article 69 sets 30% as the limit of shares or voting rights that a foreigner may own in a media corporation in Guinea. To enforce compliance, articles 67 and 68 of Law 002 stipulate that “in the case of corporations, shares shall be registered and every share transfer shall be subject to the approval of the board of directors.” Furthermore, any share transfer of more than one third of the capital shall be made public. In addition, the liberalisation decree of August 20, 20059, and its provisions for broadcast media in particular, limit media concentration in the hands of nonnationals: “… no foreigner shall hold, directly or indirectly, more than 30% of the registered shares or of the voting rights of a broadcaster” (art. 6). Scores: Individual scores: 1 Country does not meet indicator 2 Country meets only a few aspects of indicator 3 Country meets some aspects of indicator 4 Country meets most aspects of indicator 5 Country meets all aspects of the indicator Average score: 4.6 (2008 = n/a ; 2006 = n/a) 2.6 Government promotes a diverse media landscape with economically sustainable and independent media outlets. Financial assistance is the most important initiative the government has undertaken to support the media. Initially, 300 million FG was given to about fifteen newspapers. In 2011, the amount was raised to 14 billion FG for all media. State assistance to the media is also provided for and made obligatory in article 12 of the law creating the new High Communication Authority. Panelists noted, 9 Decree for reference: (D/2005/037/PRG/SGG) AFRICAN MEDIA BAROMETER GUINEA 2011 91