>A majority stake in the Euronews media network is being sold to a company run by the son of a key adviser to Hungarian Prime Minister Viktor Orban, who has been widely criticized as an enemy of press freedom.
>Euronews announced on December 17 that Portuguese investment firm Alpac Capital, whose chief executive officer, Pedro Vargas David, is well connected in Hungary and is the son of Orban adviser Mario David, will buy an 88 percent share from Egyptian tycoon Naguib Sawiris.
>In recent years, Euronews has seen falling revenues and has been subsidized by the European Commission.
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>A majority stake in the Euronews media network is being sold to a company run by the son of a key adviser to Hungarian Prime Minister Viktor Orban, who has been widely criticized as an enemy of press freedom.
>Euronews announced on December 17 that Portuguese investment firm Alpac Capital, whose chief executive officer, Pedro Vargas David, is well connected in Hungary and is the son of Orban adviser Mario David, will buy an 88 percent share from Egyptian tycoon Naguib Sawiris.
>In recent years, Euronews has seen falling revenues and has been subsidized by the European Commission.