CNN is to stop broadcasting in Russia following the enactment of a new law limiting the level of foreign ownership in media companies to 20%.

However, reports Bloomberg, quoting an emailed statement, Time Warnerís Turner Broadcasting division hopes to eventually resume broadcasting and CNNís Moscow bureau operations will remain unaffected.

In the statement, Turner says: 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.Ē

CNN will be withdrawn from services operated by Vimpelcom and the Moscow-based cable operator Akado by the end of December.