Polish president vetoes media bill that targeted US company

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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 of Polish television network TVN.

The Associated Press

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. 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., Law and Justice, pushed the legislation and argued that it was important for national security and sovereignty to ensure that no company outside of Europe can control companies that help form public opinion.

Yet many Poles saw the bill as an attempt to silence a broadcaster with an all-news station, TVN24, and an evening news program on its main channel viewed by millions. Discovery had threatened to sue Poland in an international arbitration court, saying it would fight for its investment. The network was first bought by another U.S. company, Scripps Networks Interactive, for $2 billion and later sold to Discovery.

Duda said he agreed in principle that countries should limit foreign ownership in media companies, saying many other democratic countries — including the United States, France and Germany — have such legislation.

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