NBC News has sold its stake in Euronews as it prepares to launch NBC Sky World News.
NBC had a 25% stake in Euronews in a purchase transaction that took place in June 2017 and for which it had to pay is $ 30 million.
According to the Financial Times, NBC News has sold its entire stake in the network to Sawiris’ Media Globe Networks, which now owns 88% of Euronews.
The remaining 12% will continue to be owned by public channels and local authorities.
NBC Sky World News was initially expected to launch this summer, but has been postponed due to the coronavirus pandemic.
NBC’s goal remains to compete internationally with rival CNN.
RTVE was a founding partner of the Euronews channel in the early 1990s, but later, in the new century, he decided to part with his actions.
Spanish version: NBC aplaza el lanzamiento del canal NBC Sky World News