Discovery Vows to Fight a Polish Measure That Targets Investment
- Bill signals country is ‘closed for business,’ unit CEO says
- U.S. broadcaster intends to maintain its presence in nation
A TVN24 news reporter conducts interviews in Warsaw.
Photographer: Lukasz Sokol/BloombergThis article is for subscribers only.
Discovery Inc. vowed to stay in Poland and defend its local television broadcaster, fighting legislation that if enacted would force the U.S. media giant to sell a majority stake in its investment.
Poland’s parliament unexpectedly approved the media changes on Friday, triggering rebukes from Washington, the European Union and Discovery -- one of the biggest U.S. investors in the country. The bill awaits approval by President Andrzej Duda, who could veto the measure.