AIRLINK 76.20 Decreased By ▼ -3.80 (-4.75%)
BOP 5.18 No Change ▼ 0.00 (0%)
CNERGY 4.48 Increased By ▲ 0.02 (0.45%)
DFML 35.21 Increased By ▲ 0.05 (0.14%)
DGKC 77.25 Increased By ▲ 0.37 (0.48%)
FCCL 20.15 Increased By ▲ 0.17 (0.85%)
FFBL 36.21 Increased By ▲ 0.61 (1.71%)
FFL 9.53 No Change ▼ 0.00 (0%)
GGL 10.05 Decreased By ▼ -0.11 (-1.08%)
HBL 117.48 Increased By ▲ 0.48 (0.41%)
HUBC 132.40 Decreased By ▼ -0.10 (-0.08%)
HUMNL 7.03 Decreased By ▼ -0.03 (-0.42%)
KEL 4.60 Decreased By ▼ -0.05 (-1.08%)
KOSM 4.56 Decreased By ▼ -0.09 (-1.94%)
MLCF 36.94 Decreased By ▼ -0.56 (-1.49%)
OGDC 133.50 Decreased By ▼ -0.97 (-0.72%)
PAEL 23.12 Increased By ▲ 0.22 (0.96%)
PIAA 26.50 Decreased By ▼ -0.13 (-0.49%)
PIBTL 6.66 Decreased By ▼ -0.15 (-2.2%)
PPL 111.60 Decreased By ▼ -0.50 (-0.45%)
PRL 27.81 Increased By ▲ 0.61 (2.24%)
PTC 14.43 Increased By ▲ 0.05 (0.35%)
SEARL 55.99 Decreased By ▼ -0.40 (-0.71%)
SNGP 67.45 Increased By ▲ 0.45 (0.67%)
SSGC 10.69 Decreased By ▼ -0.14 (-1.29%)
TELE 9.21 Decreased By ▼ -0.08 (-0.86%)
TPLP 11.01 Decreased By ▼ -0.17 (-1.52%)
TRG 67.27 Decreased By ▼ -1.73 (-2.51%)
UNITY 25.32 Decreased By ▼ -0.17 (-0.67%)
WTL 1.32 No Change ▼ 0.00 (0%)
BR100 7,523 Increased By 1.3 (0.02%)
BR30 24,343 Decreased By -59.5 (-0.24%)
KSE100 71,702 Increased By 6.6 (0.01%)
KSE30 23,561 Increased By 19.4 (0.08%)

WARSAW: Following pressure from the EU and US, Polish President Andrzej Duda on Monday vetoed a media ownership law that critics said was aimed at silencing the US-owned news channel TVN24.

“I refuse to sign the radio and television law amendment and am sending it back to parliament to be re-examined. This means that I am vetoing it,” Duda said in a televised address.

The law, which was adopted by parliament this month, would have prevented companies from outside the European Economic Area from holding a controlling stake in Polish media companies.

That would have forced US group Discovery to sell a majority stake in TVN, one of Poland’s biggest private TV networks, and its news channel TVN24.

The government had argued the law would protect Poland’s media landscape from potentially hostile actors such as Russia.

Duda said he agreed with this principle, but that it should not be made to apply to existing business arrangements and investment treaties.

“People I’ve been talking to are concerned about the situation. They had different arguments. They spoke about peace and quiet... How we don’t need another conflict, another problem. We have many problems already,” he said.

Duda is strongly supported by Poland’s ruling populist Law and Justice (PiS) party but has shown some differences with the party leadership in the past.

In 2017, he caused a storm by vetoing two judicial reforms that he believed gave too much power to the attorney general, who is also the justice minister.

The US charge d’affaires in Warsaw, Bix Aliu, thanked Duda “for his leadership and commitment to common democratic values and for protecting the investment climate in Poland”.

“Allies are stronger together!” he said.

TVN’s board of directors in a statement welcomed the announcement “with appreciation and joy”, saying the president had “stood up for good relations with the US”.

Comments

Comments are closed.