NBC News Takes 25-Percent Stake in Euronews

NBC News has finalized its purchase of a 25-percent shareholding in Euronews.

Media Globe Networks will continue to be the majority shareholder in Euronews, and the existing public shareholders will remain in the company and continue to ensure its European focus and sensibility. The company’s TV and digital platforms will be co-branded EuronewsNBC. The funding from the NBC News investment will go to support expanded news coverage and programming across Europe.

Andrew Lack, the chairman of NBC News and MSNBC, said, “If we had started with a blank slate we still could not have designed a better partner for NBC News as we look to strengthen our global reach. Euronews has unmatched scale as well as the unique ability to offer international coverage rooted in a local sensibility in every country and language it spans.”

Michael Peters, the CEO of Euronews, said, “The expertise of NBC News combined with the uniqueness of Euronews’ European DNA, will allow us to fully realize our ‘All Views’ editorial philosophy. This unrivaled collaboration reflects our shared commitment to unbiased reporting. It also strengthens Euronews’ mission to empower people around the world with independent information they can trust. In the competitive international news market, Euronews aims to be the go-to media outlet for expertise on European affairs. This is a new age for Euronews and we are pleased to partner with the outstanding NBC News team.”

Deborah Turness, the president of NBC News International, commented, “Euronews is a unique news organization, with unparalleled reach in 12 languages. Together NBC News and Euronews will strengthen and deepen the commitment to European journalism and the ‘All Views’ brand. We will create compelling programming and content that will give voice to the people, the views and the diversity of Europe. It’s an immensely exciting time to be investing in Europe’s story.”