Discovery Braces for Fight to Protect Polish Business Against Government Crackdown on Foreign Ownership

  • Variety
Discovery Braces for Fight to Protect Polish Business Against Government Crackdown on Foreign Ownership
Discovery is bracing for a bitter fight to keep its business in Poland amid an aggressive drive by the country’s ruling right-wing party to block foreign ownership of media.

On July 7, Poland’s Law and Justice party (PiS) sought amendments to the local Broadcasting Act specifying that TV and radio license holders can’t be directly or indirectly controlled by entities that aren’t in the European Economic Area.

The new media law puts a target squarely on Discovery, the U.S. owners of Poland’s Tvn Group, which operates the country’s most prominent news channel, TVN24. Valued at around $1 billion, Tvn is America’s largest investment in Poland.

Jb Perrette, president and CEO of Discovery Networks International, tells Variety that the company is “watching very closely to defend our business interest against the regulatory overreach and anti-consumer behavior and other market uncertainty.”

Perrette underlines that the proposed
See full article at Variety »

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