In what is game changing news, Naguib Sawiris has bought 53% of European news channel Euronews for 35 million Euros in capital for the business.
This comes as shocking yet revealing news for Arabs and underdogs alike, the Billionaire business man, plans on using the European news platform as a mechanism for change and exposing all that international media refuses to air.
According to Sawiris “the broadcaster will resist pressure from both repressive regimes and European politicians calling for western media outlets to provide a counterweight to Kremlin-controlled Russia Today.
“A news channel should be an open window for all opinions,” he told journalists on Friday. “A channel can only be successful if it presents both views. If you decide to present one view, or interfere in blocking some people’s views, you are not a respectable channel and you lose credibility.
“The channel has been perceived quite strongly as a neutral channel and nothing will change that. We are going to have very good protection for the content. No interferences are going to be allowed.”
Peters The chief executive of the channel said: “We are clearly David and we are completing against a lot of Goliaths like CNN and the BBC, with a lot of means. We could have continued like that. We are leaders in the linear offers, but we didn’t have any resources to invest massively in digital as we all have to do.
“The competition is getting better and better and all our main competitors are investing a lot. This project is more about anticipating what will arrive in the two or three coming years. The real reason of this project is to say we need to reinforce Euronews.”
We Said This: Good on you Mr. Sawiris, for being the voice of the region.
