{"id":125929,"date":"2022-03-10T02:41:22","date_gmt":"2022-03-10T02:41:22","guid":{"rendered":"https:\/\/fin2me.com\/?p=125929"},"modified":"2022-03-10T02:41:22","modified_gmt":"2022-03-10T02:41:22","slug":"russian-journalist-speaks-to-cnn-about-putins-propaganda-bubble","status":"publish","type":"post","link":"https:\/\/fin2me.com\/politics\/russian-journalist-speaks-to-cnn-about-putins-propaganda-bubble\/","title":{"rendered":"Russian journalist speaks to CNN about Putin&#39;s &#39;propaganda bubble&#39;"},"content":{"rendered":"<p><cite>New York (CNN Business)<\/cite>Major media companies continue to join the exodus from Russia, with Discovery and WarnerMedia making announcements on Wednesday about halting all programming in the country. <\/p>\n<p>WarnerMedia, CNN&#8217;s parent company, previously paused the release of &#8220;The Batman&#8221; in Russia, citing the &#8220;humanitarian crisis in Ukraine.&#8221;<br \/>\nAs of Wednesday the company is now &#8220;pausing all new business in Russia,&#8221; CEO Jason Kilar said in an internal memo. &#8220;This includes ceasing broadcast of our channels, halting all new content licensing with Russian entities, and pausing our planned theatrical and games releases.&#8221;<\/p>\n<ul><\/ul>\n<p>WarnerMedia had been broadcasting CNN and Cartoon Network in the country.  CNN said on Tuesday that the network is not shutting down its Moscow bureau, &#8220;but we have ceased reporting from there until we have assessed the impact of this new law.&#8221; The law makes it a crime to disseminate what Russian authorities consider to be &#8220;fake&#8221; information about the invasion of Ukraine.<\/p>\n<ul><\/ul>\n<p>Discovery, which has 15 channels in the country, said Wednesday that the channels are going dark as well. &#8220;Discovery has decided to suspend the broadcast of all its channels and services in Russia,&#8221; the company said.<\/p>\n<p>Discovery and WarnerMedia are preparing to merge this spring.<br \/>\nThe statements are part of a much broader corporate shunning of Russia that has escalated in the two weeks since the Russian invasion of Ukraine began.<br \/>\nWhile revenues from Russia are minor for diversified global media companies, the symbolism of halting movie releases and suspending programming is major.<br \/>\n<span>Disney<\/span> <span>(<span>DIS<\/span>)<\/span> CFO Christine McCarthy, speaking at an investor conference on Monday, said &#8220;many parts of our business have different relationships or business ventures in Russia&#8221; and the region represents about 2 percent of operating income.<br \/>\n&#8220;Ukraine is about 10% of that 2%,&#8221; McCarthy said. &#8220;So, it&#8217;s not a significant number for us. I hate losing any operating income. But I just want to put it in context.&#8221;<br \/>\nSome streaming services have stopped their streams, too. Amazon said Tuesday that it was &#8220;suspending access to Prime Video for customers based in Russia.&#8221; Netflix announced the same step last weekend.<\/p>\n<ul><\/ul>\n<p>Speaking at an investor conference on Tuesday, Netflix CFO Spence Neumann said &#8220;we had to make the decision given it&#8217;s just a complex operating &#8212; business operating dynamic right now between increasing sanctions, challenges with payment issues and overlaying what&#8217;s already a pretty complex regulatory market. So it just for us became also just too difficult.&#8221;<br \/>\nNeumann cited the &#8220;moral&#8221; dimension as well and said &#8220;the real human suffering is the most important part.&#8221;<br \/>\nSource: <a href=\"https:\/\/edition.cnn.com\/2022\/03\/09\/media\/warnermedia-discovery-russia\/index.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (CNN Business)Major media companies continue to join the exodus from Russia, with Discovery and WarnerMedia making announcements on Wednesday about halting all programming [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":125928,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Russian journalist speaks to CNN about Putin&#039;s &#039;propaganda bubble&#039; 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