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Greek State Minister: Less than 5 Private TV Channel Licenses

Nikos PappasThe number of nationwide TV licenses allocated by the Greek government to private broadcasters via a public tender will be less than five in order to secure their viability, Greek State Minister Nikos Pappas said during an interview on Tuesday.
Speaking to Greek television, the Minister said the local advertising market has shrunk so much that TV broadcasters are non-viable.
“We were saying that the problem is the triangle of vested interests. What do we want to avoid? We do not want non-viable companies that rely on bank borrowing, which creates the opaque terms and exerts pressure on the political system, which in turn pressures the banks,” he said.
(source: ana-mpa)

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