Foreign investment in media activities, broadcasting, audiovisuel and printed media, is prohibited. 
"TITLE I - GENERAL PROVISIONS [...]
Art. 3. By information activities, it is understood within the meaning of this organic law, any publication or dissemination of news, messages, opinions, ideas and knowledge, by any written, sound or television medium. or electronically, intended for the public or a category of public.
Art. 4. Information activities are ensured in particular by:
- the media belonging to the public sector,
- media created by public institutions,
- media owned or created by political parties or approved associations,
- the media owned or created by legal persons governed by Algerian law and whose capital is held by natural or legal persons of Algerian nationality. [...]" (Organic law n° 12-05 of 18 Safar 1433 corresponding to January 12, 2012 relating to information [google translation])
Organic law n° 12-05 of 18 Safar 1433 corresponding to January 12, 2012 relating to information [google translation]
[<a href="https://amb-algerie.fr/wp-content/uploads/2014/04/LOI-ORGANIQUE-N%C2%B0-12-05-DU-12-JANVIER-2012-CORRESPONDANT-A-L%E2%80%99INFORMATION.pdf">Law</a>]