Global Arab Network | Morocco-based SNRT on track to be large shareholder in Euronews

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Morocco-based SNRT on track to be large shareholder in Euronews

Global Arab Network - - Shahid Abbas

Thursday, 13 January 2011 23:05

Paris - Société Nationale de Radiodiffusion et Télévision (SNRT), a public broadcasting company, is on the way to join "the category of the largest stakeholders" in Euronews, a source from the administration of the international news channel said.

The Stakeholders' General Assembly will vote next February on a project to allow SNRT to increase its contribution to the capital of the European channel from 0.33% to 6%, President of Euronews' Board of Directors Philippe Cayla told MAP.

He expressed the channel's willingness to foster cooperation with the SNRT, adding that Euronews ambitions to develop the terrestrial broadcasting of its French and Arabic programmes in order to reach a wider audience.

The SNRT entered Euronews capital, of which the main stakeholders are France Télévisions and Italian RAI, in 2008.
(MAP)

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