22 October 2018

Greek historic TV channel expected to close

11 January 18 - RE+D Magazine
Greek historic TV channel expected to close


Solum Property Solutions

Consultant - GREECE

Eurobank Property Services

Consultant - GREECE


Dimitris Andritsos

CEO of Eurobank Property Services S.A Eurobank Property Services
Skai, Star, Alpha, ANT1 and Epsilon TV stations have submitted bids to the National Council for Radio and Television (NCRTV) and applied to participate in the tender for a nationwide TV broadcasting license.


The deadline by which interested parties must submit an application to participate in the tender expires at 15:00 on Thursday, after which no further applications will be accepted.

The union of Athens Journalists (ESIEA) denounced on Wednesday the shareholders of troubled MEGA channel who reportedly send a letter to the banks to whom they own millions in loans saying they will not be claiming a new TV license in the tender procedure currently underway.

"The employees of the TV channel remained hostages for 16 months, having exceeded all limits of personal strength in order to keep the station from 'closing' and losing its value.

At the same time, the Board of Directors and employees supported every effort to rescue MEGA regarding the banks, the NCRTV and the shareholders with interventions," the union said.

"It is therefore a provocation on behalf of the shareholders, now that this possibility [to rescue the channel] exists, to refuse to take part in the process leaving the channel to its fate with unpaid and unemployed employees," it added and urged the shareholders to reconsider.


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