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1. The Commission shall ensure that the internal market for media services, including risks to and progress in its functioning, is independently and continuously monitored (the ‘monitoring exercise’). The findings of that monitoring exercise shall be subject to consultation with the Board and shall be presented to and discussed with the contact committee.

2. The Commission shall, in consultation with the Board, define key performance indicators for, methodological safeguards to protect the objectivity of and criteria for selecting the researchers for the monitoring exercise.

3. The monitoring exercise shall include:

(a) a detailed analysis of media markets in all Member States, including as regards the level of media concentration and risks of foreign information manipulation and interference;

(b) an overview and forward-looking assessment of the functioning of the internal market for media services as a whole, including as regards the impact of online platforms;

(c) an overview of risks to media pluralism and the editorial independence of media service providers where they could impact the functioning of the internal market;

(d) an overview of measures taken by media service providers with a view to guaranteeing the independence of editorial decisions;

(e) a detailed overview of frameworks and practices for the allocation of public funds for state advertising.

4. The monitoring exercise shall be carried out annually. The results of the monitoring exercise, including the methodology and data used therefor, shall be made publicly available and presented annually to the European Parliament.