From the C-Suite: Insights and Advice from Corporate Leaders
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
August 13, 2021: -Polish lawmakers have approved a controversial media law that countries such as the United States have vehemently opposed.
On Wednesday, the bill that passed the lower chamber of the Polish Parliament prevents firms from outside the European Economic Area, a group of 30 nations, from owning a majority stake in media companies from the country. The law has to be ratified by the upper house of the Polish Parliament, and President Andrzej Duda has signed it.
For instance, the bill meaning that the U.S. media giant Discovery might be forced to sell its stake in TVN, a Polish broadcaster.
On Wednesday, “The United States is also troubled by draft legislation passed today by the lower house of the Polish parliament targetting the most-watched independent news station, the largest U.S. investments in the country,” Anthony Blinken, the U.S. Secretary of State said.
“This draft legislation threatens media freedom and could undermine Poland’s strong investment climate,” Blinken added.
For its part, According to the Financial Times, Discovery has also criticized the new law, describing it as being “discriminatory against TVN and Discovery.”
Poland has been a member since 2004, has condemned the new policy.
“Media pluralism and diversity of opinions are what strong democracies welcome, not fight against. The draft Polish broadcasting law sends a negative signal,” Vera Jourova, a member of the European Commission, said Thursday via Twitter.
The commission, the executive arm of the EU, and Poland have been at loggerheads in recent years, with the former complaining that the conservative government has taken different steps that undermine the core values of the bloc: namely press and judicial freedom.
Last month, the region’s top court ruled that a new Polish disciplinary procedure for judges violates European law.
Hungary, another EU member, has raised similar conflicts with European institutions. It recently imposed a new law that the commission in Brussels sees as discriminatory towards the LGBTQ+ community.
As such, there are growing concerns about the future of these nations within the EU, with Dutch Prime Minister Mark Rutte even saying that Hungary should leave the bloc.
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
Corporate leaders today stand at the nexus of unprecedented technological evolution, where digital transformation reshapes industries and redefines …
Corporate leaders stand at the helm of their organizations, often tasked with making decisions that can steer their companies toward …
Corporate leaders are often tested by crises that threaten the very foundation of their organizations. How do these leaders navigate turbulent …
In the vast and often tumultuous seas of corporate leadership, have you ever wondered how some captains …
In the high-stakes game of corporate leadership, where every decision reverberates through the echelons ….
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
The United Kingdom’s economy has experienced a disappointing period of stagnation, contracting by 0.1% in September. This contraction …
Appaloosa Management, a prominent hedge fund led by billionaire investor David Tepper, significantly increased its stake …
The e-commerce giant Amazon has introduced a new discount store offering a wide range of products priced under $20. This …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you