Brussels is willing to bear the costs of Portuguese language broadcasts on Euronews for two years so long as state-owned broadcaster RTP maintains its shareholding in the pan-European news channel and pays its annual fees, Vice-President of the European Commission Viviane Reading said.
RTP will also have to guarantee to keep the broadcasts going long after the two-year period of assistance comes to an end. Portugal, through RTP, pays about €1.8 million a year to ensure the multilingual news channel broadcasts in Portuguese, but government cutbacks have put that service at risk. RTP has a 1.4% stake in Euronews and pays €360,000 a year in fees.
(Source : The Portugal News Online via kimandrewelliott.com)
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