{"id":35485,"date":"2015-05-01T09:09:15","date_gmt":"2015-05-01T13:09:15","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=35485"},"modified":"2015-05-01T09:09:15","modified_gmt":"2015-05-01T13:09:15","slug":"news-corp-nasdaqnwsa-and-pearson-plc-adr-nysepso-face-russia-decision-under-putin-laws","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/news-corp-nasdaqnwsa-and-pearson-plc-adr-nysepso-face-russia-decision-under-putin-laws-35485","title":{"rendered":"News Corp (NASDAQ:NWSA) And Pearson PLC (ADR) (NYSE:PSO) Face Russia Decision Under Putin Laws"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Pearson PLC (ADR) (NYSE:PSO) <\/strong>and<strong> News Corp (NASDAQ:NWSA) <\/strong>are faced with a tough dilemma of whether to terminate operations in Russia or to follow the strict rules which limit their ownership.<\/p>\n<p style=\"text-align: justify;\">Some of their media counterparts have already made their decision. CNN International resumed its airing in the country but without any advertising. The giant media company returned just a few months after deciding to wrap up protests. Other companies had other ideas up their sleeves. Sanoma Oyj, a media company from Finland, announced that it has already traded its share ownership in Vedomosti.<\/p>\n<p style=\"text-align: justify;\">The media industry did not respond positively to Putin\u2019s new draconian laws. The new regulations dictate that media firms are expected to have 20% ownership in foreign firms. The law will be put into full effect in 2016. Additionally, the law placed a ban on any forms of advertising on Pay TV platforms.<\/p>\n<p style=\"text-align: justify;\">American media house, NBC Universal reported that it was terminating its Russian Pay TV trade following the ban on pay TV advertising. The company justified its decision with a statement that the law was too challenging, and it rendered the economy unfavorable. Most of the media companies were outraged by Putin\u2019s new law.<\/p>\n<p style=\"text-align: justify;\">Sanoma\u2019sspokeswoman Kristina Eriksson reported that the sale of the shares that the company owned in Vedomosti did not have a correlation with the harsh economic conditions. The company, however, confirmed that it is in the process of reviewing the consequences of the institutionalized law.<\/p>\n<p style=\"text-align: justify;\">Some companies are already considering clever ways to go around the situation. Wall Street Journal and Financial Times plan on maintaining a 10% shareholding while the rest will be distributed to the editorial staff. The two companies may continue to get revenues from Russia through Vedomosti if they enter into a contractual agreement for an operating license. The decision by the Russian government will have overwhelming effects on the media industry in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pearson PLC (ADR) (NYSE:PSO) and News Corp (NASDAQ:NWSA) are faced with a tough dilemma of whether to terminate operations in Russia or to follow the [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":35486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[976,2031,9492,9490],"stock_ticker":[],"class_list":["post-35485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nasdaqnwsa","tag-news-corp-nasdaqnwsa","tag-nysepso","tag-pearson-plc-adr-nysepso","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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