Programming costs weigh on TF1

French commercial broadcaster M6 overtook larger rival TF1 at the end of last week in terms of market capitalisation as the latter’s shares dropped sharply on poor second-quarter results. TF1 saw its second-quarter operating profit fall from €57.3 million (US$62.3 million) to €22 million year-on-year. Coming on top of a €19.2 million operating loss in […]

Euronews using Google Fund for VR push

Pan-European news channel Euronews is to launch a virtual reality news reporting project with funding from the Google Digital News Initiative Innovation Fund. Euronews said it will produce regular multilingual 360° interactive news videos with finance from the Google fund, making it the first international news provider to “fully incorporate” 360° interactive video news into […]

Sawiris take control of Euronews

Media Globe Networks, a company owned by the Sawiris family and managed by Egyptian billionaire Naguib Sawiris, now holds 53% in Euronews after completing  a €35 million capital increase in the business. The new deal follows several months of exclusive negotiations between Media Globe Networks and Euronews,with the remaining 47% of shares stay with Euronews’ […]