Turkish Radio-Television takes stake in Euronews

Turkish broadcaster Turkish Radio-Television (TRT) has taken a 15.7% stake in pan-European news channel Euronews.

The agreement giving TRT a stake, which came into effect on August 6, followed a partnership agreement earlier in the year for the launch of a Turkish-language version of the channel in January 2010. TRT is the fourth main shareholder in Euronews, after France Televisions, Rai and RTR. The Turkish-language channel is expected to reach 17 million households via various distribution platforms.