WARSAW, July 22 (Reuters) – Future American investments in Poland could possibly be jeopardised if the nation doesn’t renew the licence of TVN24, U.S. State Division Counselor Derek Chollet mentioned, referring to the most well-liked 24-hour information channel within the Central European nation.
TVN24 is part of TVN group owned by Discovery Inc (DISCA.O). The station is within the strategy of renewing its licence however the ruling nationalist Legislation and Justice (PiS) celebration is planning modifications to the regulation that might power the American house owners to promote a majority of their stake.
The Nationwide Broadcasting Council (KRRiT) on Thursday voted on the TVN24 licence, which expires on September 26, however the outcomes have been inconclusive.
In an interview aired by TVN24 in Polish, Chollet mentioned he was involved concerning the channel and the failure to grant a licence might have penalties for future American investments.
He mentioned he had raised the difficulty throughout conferences with Polish officers, including that media freedom was essential.
TVN, estimated to be value over $1 billion, is the largest American funding in Poland.
In July PiS lawmakers submitted to parliament authorized amendments to the Broadcasting Act that will stop corporations from exterior the European Financial Space taking management of Polish radio and tv stations.
The proposed modifications have fuelled stress between Poland and america and prompted contemporary criticism from Polish opposition teams that PiS is in search of to curb media freedom.
PiS argues that overseas corporations have an excessive amount of say within the media sector, distorting public debate.
Reporting by Anna Koper; Modifying by Kirsten Donovan
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