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Why is a Polish oil company building up a media empire? – DW (English)

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Polish oil concern Orlen’s CEO Daniel Obajtek may be a man to watch when Jaroslaw Kaczynski departs the political stage. Sigma Bis, a media house partly owned by his company, seems to lie at the heart of his strategy.

Since the Law and Justice (PiS) party won the Polish parliamentary election in 2019, there has been an intense power struggle within the party itself and between it and its two smaller United Right coalition partners. The coalition may be reaching a moment of decision. 

Perhaps the best way of understanding the direction in which PiS is going is to observe the jostling for position in state-owned firms between key factions in PiS and the coalition.

Of particular importance is the fate of Zbigniew Ziobro, justice minister and nationalist leader of smaller coalition partner United Poland (SP). His star seems to be waning after a series of scuffles with Prime Minister Mateusz Morawiecki and PiS party leader Jaroslaw Kaczynski.

Ziobroists — friends and family of the justice minister — were liberally afforded plum jobs across the state-owned sector after 2015, but since the EU summit earlier in December, from which Morawiecki emerged politically enhanced, the prime minister has been removing Ziobro allies from state-owned companies.

Oil’s where it’s at

The CEO of Poland’s largest oil firm Orlen, Daniel Obajtek, meanwhile, is emerging as a beneficiary in this jockeying for positionas his firm expands its role on the media market.

In July 2017, Kaczynski announced that after changes to the judiciary, his next goal would be to “repolonize” media ownership, a euphemism for squeezing private media critical of the government and reinforcing media supportive of PiS’s national conservative project.

“PiS wants to take control over all available media and to use public money to spread their propaganda,” Roman Giertych, a minister in the first PiS coalition government in 2005-07, told DW.

Since coming to power in 2015, this government has sought to strangle independent print media outlets, such as Gazeta WyborczaPolityka and Newsweek Polska by restricting public advertising.

According to Kantar Media data, during the first seven months of 2017, Gazeta Wyborcza received €460,000 ($500,000) in advertising revenue from state companies and ministries. For the same period in 2018, the amount fell to about $55,000.

Some suggest the PiS is moving in the direction of Fidesz in Hungary or the AKP in Turkey. “Corruption and state capitalism are integral to the project,” Jacek Rostowski, former Polish finance minister, told DW. “Morawiecki is also a believer in state capitalism, perhaps a slightly cleaner version, but the model applies to him also. First you nationalize the banks, then set up companies through which friendly banks funnel cheap credits. Then you buy up media and push your own political views. This is systemic and intentional,” Rostowski said. 

Orlen: The power behind the power 

The preferred channel, if Rostowski’s analysis holds water, seems to be Orlen, Poland’s largest oil concern. And Orlen’s preferred channel, in turn, is Sigma Bis.

At the end of 2019, the CEO set up the media house as part of its goal of diversifying away from energy and moving into the media sector. According to its 2030 strategy, Orlen plans to allocate 70 billion zlotys (€16 billion, $18 billion) to investments in new business sectors and increase its margins on nonfuel sales by 50%, reducing its vulnerability to declining demand for traditional fuels and price fluctuations. 

The CEO of Orlen, Daniel Obajtek, is aiming to expand his firm’s role on the media market

The process intensified this winter after the company finalized the acquisition of press distributor Ruch on November 24 and on December 7 announced the purchase of publisher Polska Press, gaining in the latter acquisition access to 17.4 million users of internet portals, as well as readers of Dziennik Baltycki, Polska The Times and Dziennik Polska.

Access to Facebook Pixel software will enable the company to create databases on the website’s users for targeted advertising.

“Orlen has no plans to take over other media. We are focusing on the development of assets supporting sales, which are already functioning, or, as announced, will be part of the Orlen Group, i.e. Sigma Bis, Ruch and Polska Press Group,” Orlen said in a press release. 

Online news site Onet.pl announced last week that Orlen is mulling taking over Gremi Media, in whose portfolio are two of the most respected dailies in Poland, Rzeczpospolita and Parkiet.

“Obajtek is a real dark horse on the Polish political scene,” Robert Tomaszewski at Polityka Insight, a Warsaw-based think tank, told DW. “He is building up his power in the state-owned companies and could well be the one to replace Morawiecki if or when he goes.”

Sigma Bis from nowhere

Sigma Bis only started operating at the end of 2019 after gaining approval from the consumer protection office. Orlen has 66% of the company’s shares, and PZU, the largest Polish insurer, has 34%. Within its first year in existence, it is already a major player in the Polish media market. 

This has had contradictory effects. Jakub Bierzynski, CEO of rival media group OMD, for example, says Sigma Bis is a political creation and as such will not survive changes on the political scene. Some managers from other media agencies are reportedly wary of working at Sigma Bis, fearing that a possible change of government in three years would see the company disappear.

“I am not surprised that people do not want to associate their future with such a seasonal company,” he told online news website Wirtualnemedia.pl.

However, other heads of rival media agencies believe the new boss, Marcin Dec, gives Sigma Bis some credibility on the market.

“Dec is a media person — a long time in the industry so knows the market from different perspectives very well,” Malgorzata Wegierek, CEO of the Havas Media Group Poland, told DW. “There are other media people in the management Board, so it seems that they are equipped and have resources on the top. In all aspects it looks like Sigma Bis will become the media agency for all or most state-owned companies.”

In November, Energa started cooperation with Sigma Bis, after it took on the media services of Orlen. In September, PZU became a client and from 2021, PZU’s Link4 will join up too. It is rumored that Sigma Bis may soon take on Alior Bank and Poczta Polska as clients. The big step would be into the private sector, with rumors suggesting Polish producer FoodCare will become a client. 

“The example of Sigma Bis clearly shows that there is more space for nonnetwork Polish media houses, which can successfully compete with international network corporations,” Goralska said. Watch that space.

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What to stream this weekend: ‘Civil War,’ Snow Patrol, ‘How to Die Alone,’ ‘Tulsa King’ and ‘Uglies’

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Hallmark launching a streaming service with two new original series, and Bill Skarsgård out for revenge in “Boy Kills World” are some of the new television, films, music and games headed to a device near you.

Also among the streaming offerings worth your time as selected by The Associated Press’ entertainment journalists: Alex Garland’s “Civil War” starring Kirsten Dunst, Natasha Rothwell’s heartfelt comedy for Hulu called “How to Die Alone” and Sylvester Stallone’s second season of “Tulsa King” debuts.

NEW MOVIES TO STREAM SEPT. 9-15

Alex Garland’s “Civil War” is finally making its debut on MAX on Friday. The film stars Kirsten Dunst as a veteran photojournalist covering a violent war that’s divided America; She reluctantly allows an aspiring photographer, played by Cailee Spaeny, to tag along as she, an editor (Stephen McKinley Henderson) and a reporter (Wagner Moura) make the dangerous journey to Washington, D.C., to interview the president (Nick Offerman), a blustery, rising despot who has given himself a third term, taken to attacking his citizens and shut himself off from the press. In my review, I called it a bellowing and haunting experience; Smart and thought-provoking with great performances. It’s well worth a watch.

— Joey King stars in Netflix’s adaptation of Scott Westerfeld’s “Uglies,” about a future society in which everyone is required to have beautifying cosmetic surgery at age 16. Streaming on Friday, McG directed the film, in which King’s character inadvertently finds herself in the midst of an uprising against the status quo. “Outer Banks” star Chase Stokes plays King’s best friend.

— Bill Skarsgård is out for revenge against the woman (Famke Janssen) who killed his family in “Boy Kills World,” coming to Hulu on Friday. Moritz Mohr directed the ultra-violent film, of which Variety critic Owen Gleiberman wrote: “It’s a depraved vision, yet I got caught up in its kick-ass revenge-horror pizzazz, its disreputable commitment to what it was doing.”

AP Film Writer Lindsey Bahr

NEW MUSIC TO STREAM SEPT. 9-15

— The year was 2006. Snow Patrol, the Northern Irish-Scottish alternative rock band, released an album, “Eyes Open,” producing the biggest hit of their career: “Chasing Cars.” A lot has happened in the time since — three, soon to be four quality full-length albums, to be exact. On Friday, the band will release “The Forest Is the Path,” their first new album in seven years. Anthemic pop-rock is the name of the game across songs of love and loss, like “All,”“The Beginning” and “This Is the Sound Of Your Voice.”

— For fans of raucous guitar music, Jordan Peele’s 2022 sci-fi thriller, “NOPE,” provided a surprising, if tiny, thrill. One of the leads, Emerald “Em” Haywood portrayed by Keke Palmer, rocks a Jesus Lizard shirt. (Also featured through the film: Rage Against the Machine, Wipers, Mr Bungle, Butthole Surfers and Earth band shirts.) The Austin noise rock band are a less than obvious pick, having been signed to the legendary Touch and Go Records and having stopped releasing new albums in 1998. That changes on Friday the 13th, when “Rack” arrives. And for those curious: The Jesus Lizard’s intensity never went away.

AP Music Writer Maria Sherman

NEW SHOWS TO STREAM SEPT. 9-15

— Hallmark launched a streaming service called Hallmark+ on Tuesday with two new original series, the scripted drama “The Chicken Sisters” and unscripted series “Celebrations with Lacey Chabert.” If you’re a Hallmark holiday movies fan, you know Chabert. She’s starred in more than 30 of their films and many are holiday themed. Off camera, Chabert has a passion for throwing parties and entertaining. In “Celebrations,” deserving people are surprised with a bash in their honor — planned with Chabert’s help. “The Chicken Sisters” stars Schuyler Fisk, Wendie Malick and Lea Thompson in a show about employees at rival chicken restaurants in a small town. The eight-episode series is based on a novel of the same name.

Natasha Rothwell of “Insecure” and “The White Lotus” fame created and stars in a new heartfelt comedy for Hulu called “How to Die Alone.” She plays Mel, a broke, go-along-to-get-along, single, airport employee who, after a near-death experience, makes the conscious decision to take risks and pursue her dreams. Rothwell has been working on the series for the past eight years and described it to The AP as “the most vulnerable piece of art I’ve ever put into the world.” Like Mel, Rothwell had to learn to bet on herself to make the show she wanted to make. “In the Venn diagram of me and Mel, there’s significant overlap,” said Rothwell. It premieres Friday on Hulu.

— Shailene Woodley, DeWanda Wise and Betty Gilpin star in a new drama for Starz called “Three Women,” about entrepreneur Sloane, homemaker Lina and student Maggie who are each stepping into their power and making life-changing decisions. They’re interviewed by a writer named Gia (Woodley.) The series is based on a 2019 best-selling book of the same name by Lisa Taddeo. “Three Women” premieres Friday on Starz.

— Sylvester Stallone’s second season of “Tulsa King” debuts Sunday on Paramount+. Stallone plays Dwight Manfredi, a mafia boss who was recently released from prison after serving 25 years. He’s sent to Tulsa to set up a new crime syndicate. The series is created by Taylor Sheridan of “Yellowstone” fame.

Alicia Rancilio

NEW VIDEO GAMES TO PLAY

— One thing about the title of Focus Entertainment’s Warhammer 40,000: Space Marine 2 — you know exactly what you’re in for. You are Demetrian Titus, a genetically enhanced brute sent into battle against the Tyranids, an insectoid species with an insatiable craving for human flesh. You have a rocket-powered suit of armor and an arsenal of ridiculous weapons like the “Chainsword,” the “Thunderhammer” and the “Melta Rifle,” so what could go wrong? Besides the squishy single-player mode, there are cooperative missions and six-vs.-six free-for-alls. You can suit up now on PlayStation 5, Xbox X/S or PC.

— Likewise, Wild Bastards isn’t exactly the kind of title that’s going to attract fans of, say, Animal Crossing. It’s another sci-fi shooter, but the protagonists are a gang of 13 varmints — aliens and androids included — who are on the run from the law. Each outlaw has a distinctive set of weapons and special powers: Sarge, for example, is a robot with horse genes, while Billy the Squid is … well, you get the idea. Australian studio Blue Manchu developed the 2019 cult hit Void Bastards, and this Wild-West-in-space spinoff has the same snarky humor and vibrant, neon-drenched cartoon look. Saddle up on PlayStation 5, Xbox X/S, Nintendo Switch or PC.

Lou Kesten

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Trump could cash out his DJT stock within weeks. Here’s what happens if he sells

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Former President Donald Trump is on the brink of a significant financial decision that could have far-reaching implications for both his personal wealth and the future of his fledgling social media company, Trump Media & Technology Group (TMTG). As the lockup period on his shares in TMTG, which owns Truth Social, nears its end, Trump could soon be free to sell his substantial stake in the company. However, the potential payday, which makes up a large portion of his net worth, comes with considerable risks for Trump and his supporters.

Trump’s stake in TMTG comprises nearly 59% of the company, amounting to 114,750,000 shares. As of now, this holding is valued at approximately $2.6 billion. These shares are currently under a lockup agreement, a common feature of initial public offerings (IPOs), designed to prevent company insiders from immediately selling their shares and potentially destabilizing the stock. The lockup, which began after TMTG’s merger with a special purpose acquisition company (SPAC), is set to expire on September 25, though it could end earlier if certain conditions are met.

Should Trump decide to sell his shares after the lockup expires, the market could respond in unpredictable ways. The sale of a substantial number of shares by a major stakeholder like Trump could flood the market, potentially driving down the stock price. Daniel Bradley, a finance professor at the University of South Florida, suggests that the market might react negatively to such a large sale, particularly if there aren’t enough buyers to absorb the supply. This could lead to a sharp decline in the stock’s value, impacting both Trump’s personal wealth and the company’s market standing.

Moreover, Trump’s involvement in Truth Social has been a key driver of investor interest. The platform, marketed as a free speech alternative to mainstream social media, has attracted a loyal user base largely due to Trump’s presence. If Trump were to sell his stake, it might signal a lack of confidence in the company, potentially shaking investor confidence and further depressing the stock price.

Trump’s decision is also influenced by his ongoing legal battles, which have already cost him over $100 million in legal fees. Selling his shares could provide a significant financial boost, helping him cover these mounting expenses. However, this move could also have political ramifications, especially as he continues his bid for the Republican nomination in the 2024 presidential race.

Trump Media’s success is closely tied to Trump’s political fortunes. The company’s stock has shown volatility in response to developments in the presidential race, with Trump’s chances of winning having a direct impact on the stock’s value. If Trump sells his stake, it could be interpreted as a lack of confidence in his own political future, potentially undermining both his campaign and the company’s prospects.

Truth Social, the flagship product of TMTG, has faced challenges in generating traffic and advertising revenue, especially compared to established social media giants like X (formerly Twitter) and Facebook. Despite this, the company’s valuation has remained high, fueled by investor speculation on Trump’s political future. If Trump remains in the race and manages to secure the presidency, the value of his shares could increase. Conversely, any missteps on the campaign trail could have the opposite effect, further destabilizing the stock.

As the lockup period comes to an end, Trump faces a critical decision that could shape the future of both his personal finances and Truth Social. Whether he chooses to hold onto his shares or cash out, the outcome will likely have significant consequences for the company, its investors, and Trump’s political aspirations.

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Arizona man accused of social media threats to Trump is arrested

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Cochise County, AZ — Law enforcement officials in Arizona have apprehended Ronald Lee Syvrud, a 66-year-old resident of Cochise County, after a manhunt was launched following alleged death threats he made against former President Donald Trump. The threats reportedly surfaced in social media posts over the past two weeks, as Trump visited the US-Mexico border in Cochise County on Thursday.

Syvrud, who hails from Benson, Arizona, located about 50 miles southeast of Tucson, was captured by the Cochise County Sheriff’s Office on Thursday afternoon. The Sheriff’s Office confirmed his arrest, stating, “This subject has been taken into custody without incident.”

In addition to the alleged threats against Trump, Syvrud is wanted for multiple offences, including failure to register as a sex offender. He also faces several warrants in both Wisconsin and Arizona, including charges for driving under the influence and a felony hit-and-run.

The timing of the arrest coincided with Trump’s visit to Cochise County, where he toured the US-Mexico border. During his visit, Trump addressed the ongoing border issues and criticized his political rival, Democratic presidential nominee Kamala Harris, for what he described as lax immigration policies. When asked by reporters about the ongoing manhunt for Syvrud, Trump responded, “No, I have not heard that, but I am not that surprised and the reason is because I want to do things that are very bad for the bad guys.”

This incident marks the latest in a series of threats against political figures during the current election cycle. Just earlier this month, a 66-year-old Virginia man was arrested on suspicion of making death threats against Vice President Kamala Harris and other public officials.

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