NBC Acquires Stake in Euronews, Taps U.S. News Chief to Lead It

Comcast Corp.’s NBC News, looking to strengthen its international coverage, acquired a stake in Euronews, a Lyon, France-based news service that will extend its reach to 277 million new households.

NBC bought a 25 percent stake in Euronews for $30 million, according to a person with knowledge of the matter who asked not to be identified because the information isn’t public. The company is majority owned by Egyptian billionaire Naguib Sawiris, along with a consortium of European broadcasters. Euronews employs almost 500 journalists.

Deborah Turness, the U.S.-based president of NBC News, will head the company’s international news operation, according to a statement from the network Tuesday. Noah Oppenheim, who has been leading the “Today” show, will become the president of NBC News, with both reporting to Andy Lack, chairman of the network’s news division.

The acquisition fulfills a long-held NBC goal -- of establishing global presence for the company’s news organization, Lack said in a memo to colleagues. Turness, a U.K. native who once ran Britain’s ITV News, has been at NBC more than three years, where she supervised the transition of anchor Brian Williams to MSNBC and his replacement by Lester Holt.

    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE