January 22, 2022

Beyond Going Long

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Polish President Andrzej Duda announced that he would do so

Polish President Andrzej Duda announced that he would do so

Polish President Andrzej Duda has announced that he will veto a law that would limit foreign ownership of the media by the country. According to critics, it is directed against independent television.

“I refuse to sign an amendment to the law on the National Broadcasting Council,” the Polish president said. Duda noted that the bill was unpopular with many citizens and would damage Poland’s reputation as a business-friendly place. Before Christmas, Poles protested the law in dozens of Polish cities.

Polish MEPs approved the news on 17 December. Duda previously said he would carefully review the standard. The president, who is considered allies of the ruling Law and Justice party, has also recently indicated that he can veto the matter.

According to the draft law, companies in which the share of foreign companies from outside the European Economic Area does not exceed 49 percent must be the owners of a television or radio station broadcasting on the basis of a Polish license.

TVN is officially registered in the Netherlands. However, its sole shareholder is American Discovery Inc. According to the media, TVN represents the largest US investment in Poland to date. According to observers, the amendment will force the American company Discovery to sell TVN. (reading)

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