Egypt's media bill may bring demise of small, online outlets
Egyptian journalists say a new draft bill regulating the media will likely bring the demise of dozens of low-budget, online media outlets.
Planning Minister Ashraf el-Araby announced the government's adoption of the long-awaited bill on Monday. It will be sent to parliament for final approval.
The bill sets conditions for starting up media outlets, including the creation of a shareholding company with a minimum initial capital of 500,000 pounds (about $50,000), a sum that is far beyond the reach of the typically young entrepreneurs and journalists behind such enterprises.
