Polish president vetoes media bill that targeted US company
ABC News
Poland’s president says he has decided to veto a media bill that would have forced U.S. company Discovery to give up its controlling share in TVN, a Polish TV network
WARSAW, Poland -- Poland’s president on Monday said he has decided to veto a media bill that would have forced U.S. company Discovery to give up its controlling share in TVN, a Polish TV network.
President Andrzej Duda noted that the bill was unpopular with many Poles and would have dealt a blow to Poland’s reputation as a place to do business.
The bill, recently passed by the lower house of parliament, would have prevented any non-European entity from owning more than a 49% stake in television or radio broadcasters in Poland.
Its practical effect would have targeted only one existing company, Discovery Inc., forcing the U.S. owner of Poland’s largest private television network, TVN, to sell the majority or even all of its Polish holdings.
