CNN to Stop Broadcasting in Russia

CNN will cease broadcasting in Russia following the recent passage of a law that puts limits on media companies’ foreign ownership.

In October, Russian President Vladimir Putin signed a law requiring foreign-owned media companies in Russia to cut non-Russian ownership to 20 percent by the end of 2016, Bloomberg reports.

“Turner International is assessing its distribution options for CNN in Russia in light of recent changes in Russian media legislation,” Time Warner’s Turner Broadcasting division said in a statement. “We are bringing our existing distribution relationships to an end while we do that. We hope to re-enter the market in due course, and will notify our partners of any update about resuming these services.”

CNN’s bureau in Moscow is unaffected by the change.

[Bloomberg]