American CNN decided that it will stop broadcasting in Russia due to a change in the law of the media in this country. Information forwarded to Russian media, citing Turner Broadcasting System (TBS), the owner of the station.
CNN withdraw from the Russian Federation, 31 December 2014. TBS does not specify what specific changes in the Russian media almost caused the decision.
It is known, however, that the State Duma, the lower house of the Russian parliament in September passed a law limiting foreign investors’ shares in the capital of media companies in Russia 20 per cent.
The Act provides that the founder of the center of mass media (press, radio, television and the internet) in the Russian Federation can not be a foreign state, an international organization and citizen of Russia with the citizenship of another country. Also provides that foreign capital may be present in the media in Russia, but its share in the share capital of media companies may not exceed 20 percent.
Currently, foreign investors can not hold more than 50 percent. Russian shares of media companies. At the same time, this restriction only applies to television and radio stations transmitting on the territory inhabited by more than half of the population of Russia, as well as newspapers and magazines with a circulation of over one million copies.
The media in Russia claim that the tightening of media law demanded the Presidential Administration Russia. The intention of the initiators of the bill has a help in preventing information war, which – in their opinion – against Russia lead the US and the European Union. The authorities in Moscow has repeatedly expressed dissatisfaction with the work of independent media, including foreign. Their comments mainly concerned the relationship of the events in Ukraine.
The changes will affect most of the media in the Russian Federation, as many Russian owners of media companies record them in foreign tax havens. Strike the last independent media in Russia, in the newspaper “Vedomosti”, published by the Finnish house Sanoma Media in cooperation with the “Wall Street Journal” and “Financial Times”, “Forbes” belonging to the German company Axel Springer and radio Echo of Moscow, the minority shareholder (33.3 percent.) is registered with the US company EM-Holding.
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