Opposition TV channels finally get airing on cable — for 60 days

first_img RSF_en Organisation Receive email alerts News Follow the news on Georgia News News July 9, 2012 – Updated on January 20, 2016 Opposition TV channels finally get airing on cable — for 60 days GeorgiaEurope – Central Asia Help by sharing this information Reporters Without Borders welcomes as a first step the approval by Georgia’sParliament on 29 June of an amendment to the electoral code obliging all cablenetworks to carry all television channels for a 60-day period in the run-up to anelection.“We acknowledge this decision by Parliament, which will temporarily extend thecoverage of opposition stations at national level,” the press freedom organization said.“On the plus side, it will encourage pluralism and will finally give subscribers amore representative choice of programming. However, we strongly deplore thefact that this provision is for a limited duration. We fear that, once the pre-election period is over, opposition stations will once again be subjected to pressure and boycotts.“The amendment as formulated by members of Parliament offers them no long-term guarantee of protection against censorship. In such a polarized mediaenvironment, it is essential that action be taken to guarantee pluralism of opinion in the broadcast sector.”As the October election approaches, 103 of Georgia’s 150 members ofParliament agreed to modify the electoral code by introducing this amendmentknown, as “must-carry”. Inspired by similar legislation in the United States,from which it gets it name, it legally obliges cable providers to include in theirpackages all channels with an audience share of more than 20 percent.This will allow more than 170,000 subscribers to access for approximatelytwo months three of the country’s opposition stations normally only availablevia satellite. These are Channel 9, co-owned by the wife of the leader of theopposition Georgian Dream party, Bidzina Ivanishvili, as well as Maestro TV and Kavkasia TV.Normally, Maestro TV is not part of the programming package offered by the two biggest cable providers, Silk TV and Caucasus TV. As regards Channel 9, all providers had refused to carry it except Global TV, which is owned by Alexander Ivanishvili, the brother of Bidzina Ivanishvili. The amendment is aimed at ending a long-standing controversy involving GlobalTV. Since March this year, pro-government channels have been exerting strongpressure on tens of thousands of viewers against Global TV’s plan to carryChannel 9 programmes.The managements of Rustavi 2 TV and Imedi TV threatened in writing towithdraw from the package unless Global TV gave up its intention to include theopposition station.Furthermore, tens of thousands of satellite dishes belonging to Global TV wereseized by the authorities on June 22 in a series of raids on warehouses. Thepublic prosecutor who ordered the move ruled that the free distribution of dishesby Global TV just months before an election could be construed as vote buying.An investigation was also launched into the leader of the opposition for illegalvote buying. Under the penal code, such an offence is punishable by a heavy fine or a prison term of between one and three years.After Parliament approved the must-carry amendment, the opposition hadhoped to extend the time that it remains in effect to 80 days, i.e. throughout thecampaign and ending with the announcement of the election results. However,Parliament did not take this request into account.Figures from the National Telecommunications Commission show the number ofcable subscribers rose from 135,369 at the start of 2011 to 171,641 by the end of the year. Three companies share most of the cable market — Silknet, with 43,027 subscribers at the end of 2011, Super TV with 37,936 and GNN with 19,140. There are about 70 providers for the country as a whole, concentrated mainly in the main towns and cities.Georgia is ranked 105th of 179 countries listed in the latest World Press Freedom Index compiled by Reporters Without Borders.Photo : http://pik.tv/en/news/ center_img Mounting pressure on Georgia’s media in run-up to elections At least five journalists attacked while covering Georgia’s election campaign GeorgiaEurope – Central Asia Concern about alleged plot to murder Georgian TV host October 1, 2020 Find out more July 20, 2020 Find out more News to go further June 18, 2020 Find out morelast_img read more

FHFA: Here’s What HAMP Borrowers Facing Resets Can Do

first_img Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Tagged with: Fannie Mae Freddie Mac HAMP Loan Modifications Home / Daily Dose / FHFA: Here’s What HAMP Borrowers Facing Resets Can Do Fannie Mae Freddie Mac HAMP Loan Modifications 2016-06-15 Brian Honea Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland.  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Share Savecenter_img FHFA: Here’s What HAMP Borrowers Facing Resets Can Do Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Loss Mitigation, News Sign up for DS News Daily Fannie Mae and Freddie Mac have offered several possible solutions for borrowers who received modifications through the government’s Home Affordable Modification Program (HAMP) who are facing increased monthly payments when the interest rates on their modifications reset, according to the FHFA’s 2015 Annual Report to Congress released on Wednesday.The government launched HAMP in February 2009 in response to the crisis as a way for delinquent borrowers to avoid foreclosure. Since then, the program has helped approximately 1.8 million families and completed approximately 2.3 million homeowner assistance actions. HAMP is set to expire at the end of this year.Under the terms of HAMP, five years after receiving a modification, homeowners will see the interest rate increase by 1 percentage point each year until it reaches the market rate in place at the time they received their modification. According to Treasury, the typical HAMP homeowner will experience two to three step-ups; the nationwide median payment increase after the first step-up is $93, while the median payment increase after the final step-up is around $206.According to the FHFA’s annual report to Congress, in January 2015, the Agency directed the GSEs to implement a $5,000 pay-for-performance incentive to reduce the outstanding principal for HAMP borrowers who have remained in good standing through the end of the sixth year of their modification. The FHFA then made two changes to its Streamlined Modification products; in March, the period of time for which a borrower who recently experienced an interest rate reset must have been delinquent in order to receive a modification was reduced from 90 days to 60 days, and then in May the sunset date for all Streamlined Modification products was eliminated.“One of the reasons for ensuring the continuing availability of this loss mitigation tool is its role as a solution for HAMP borrowers who face rate resets,” FHFA said in its report.Also according to FHFA, during 2015 Fannie Mae and Freddie Mac identified approximately 16,000 HAMP borrowers facing resets who were eligible for a refinance through the government’s Home Affordable Refinance Program (HARP), which is also set to expire at the end of 2016. The GSEs provided servicers with information that would enable them to solicit these borrowers for HARP, according to FHFA.Treasury has been monitoring HAMP data closely and has created a three-pronged safety net to help borrowers should they struggle with a step-up to avoid re-defaulting. The prongs are one, requiring servicers to notify borrowers at two separate time points that a step-up is imminent (no less than 120 days from first rate increase and at least 60 days prior to first increase); the second is introducing post-modification counseling for borrowers who are at risk of re-default and have missed a payment; and the third is an enhanced suite of tools which include increased incentives for remaining current and improved HAMP Tier 2 modification options.Click here to view the entire FHFA Annual Report to Congress for 2015. Previous: Can Banks and Fintechs Live in Harmony? Next: Nearly Half of Foreclosures Wrapped up in Five States June 15, 2016 2,829 Views The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more