NBC News buys 25% shares of Euronews

U.S. giant NBC News targets to compete with CNN on a global level and is said to pay around USD 30 million to become a shareholder of the then rebranded pan-European news network “Euronews NBC”. The controlling shareholder with 53% is the Egyptian Naguib Sawiris. The European commission is going to fund the network for the next 4 years… more

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