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Friday, Nov. 12, 2004

Yomiuri has stakes in 42 media firms

The Yomiuri Shimbun Group Honsha admitted Thursday that it effectively owns stocks in 42 media organizations under the names of third parties.

Yomiuri said its shareholdings in 12 of the 42 firms violate the limits set by the Internal Affairs and Communications Ministry.

The 42 firms include 24 local television broadcasters and 18 local radio stations, said the holding company of Japan's largest newspaper.

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