Hollywood Reporter – NBC News Execs Tout $30M Euronews Deal, Increased Int’l Reach

The investment in Euronews, seen as a sort of European CNN, will focus on expanding coverage and programming across Europe.

May 31, 2017

‘NBC News is set to close its acquisition of a 25 percent stake in European news network Euronews on Thursday, with the partners unveiling Wednesday that it will be co-branded EuronewsNBC.

NBC News top executives said the deal, worth roughly $30 million according to sources, will further their goal of becoming a bigger player in international markets. On its website, Euronews, based in Lyon, says it is the most-watched news channel in Europe with nearly 500 journalists, reaching 434 million homes across 158 countries on TV and digital platforms.’

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