NBC Acquired 25% of Euronews

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by @todotvnews the 16/02/2017
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NBC News has acquired 25% of the news network Euronews, which will now broadcast under the title Euronews NBC.

Distributed in Latin America by Thema Americas, the news network Euronews will now be called Euronews NBC after NBC News acquired 25% of the network.

The stake was acquired by 30 million dollars and has as its main objective to make NBC recognizable worldwide as a news network, and as such to have it compete with other specialized networks such as CNN.

In addition, it was revealed that the international news operations of the new network will be spearheaded by Deborah Turness, president of NBC News in the US.

Created in 1993, Euronews started in France and is funded by almost every European country. In fact, it has just been confirmed that the European Commission has agreed to also provide funds for the network until 2022. In total, it will receive 25 million euros a month.

However, the leadership of the network will be in the hands of the company Media Globe Networks, owned by the Egyptian magnate Naguib Sawiris, who acquired 53% of the network on 2015.

The remaining 47% is in the hands of 21 broadcast networks around Europe and three local authorities. The acquisition of 25% by NBC will be finalized between March and April of this year.

Euronews currently reached 277 million homes, with broadcasts in 13 languages in Europe, Africa, Latin America and the Middle East. In Latin America alone, the network reaches 32.2 million homes.

"By joining forces with Euronews and its almost 500 journalists, the audiences from our television networks, from MSNBC and our online platforms will benefit from new and improved capabilities of information gathering," added Andy Lack head of the administration council ay NBC New Group. 

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