Euronews, created in the wake of the 1990 Gulf War as a "European CNN", has been hit by plummeting advertising revenue and is making losses.
The remaining 12% of Euronews' shares will stay in the hands a consortium of public broadcasters and local authorities such as France Televisions, Italy's RAI and Abu Dhabi Media Investment Company .
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Discovery Condemns New Polish Media Law as “Attack on Independent Media”Poland passed a controversial law blocking foreign companies from owning a majority in media firmsm which could force Discovery to sell part of its stake in commercial broadcaster TVN. It's called sovereignty. It has to protect the national industry and preserve the local media from foreign interests. In addition to avoiding acculturation. Poland introduces media regulations similar to those in Germany and France, Poland is going in the right direction! Independent Haha what a joke.
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