“Generally speaking, the commission should issue warnings or fines before taking away their licenses. In some cases, it [the amendment] would cause the penalty to be disproportionate to the offense,” Hsieh said
“If a financial institution was found to hold shares in a media outlet, it is the financial institution that should be punished, not the media outlet,” Hsieh said. “The amendments would not punish the financial institution, but would penalize the media outlet instead by taking away their licenses. This is unreasonable.”
Shyr said the administrative court in some cases had nullified the commission’s rulings because media companies have no control over the ownership of their shares traded in the stock markets.
Hsieh said requirements such as that an independent director serve on the board and calling for public stock offerings may be difficult to follow for some radio and cable TV operators, as they are running relatively small operations with limited capital.
The requirement stipulating editorial guidelines should be applied to television or radio news programs, not all the programs, he said.
The amendments would also remove some articles, which would cause the removal of regulations barring political parties, the government and the military from investing in media, Hsieh said.