Poland’s Battle With U.S. Media Giant Raises Alarm for Investors
A controversial new broadcasting law is due in parliament next week, but whatever happens the damage may already be done.
This article is for subscribers only.
Poland’s populist leadership is no stranger to making enemies, whether they be judges, migrants, sexual minorities or the European Union. Its battle with Discovery Inc. may be harder to overlook by investors.
The ruling party has drafted a media law that Prime Minister Mateusz Morawiecki said is needed to prevent Russian and Chinese companies entering the broadcasting market. Yet the legislation targets one company: the American owner of Polish broadcaster TVN. The regulator has for more than a year declined to extend news channel TVN24’s license.