Greece Launches Private TV Tender Amid Controversy
Fakhir Rizvi Published August 30, 2016 | 05:00 PM
ATHENS, (APP - UrduPoint / Pakistan Point News -30th Augst,2016) : Greece on Tuesday launched a multi-million euro auction for four private tv licences, a process originally due two decades ago and now marked by political infighting. Eight groups are vying for the four 10-year nationwide licences, with opening bids starting at three million Euros ($3.4 million). Their representatives will be locked up in an office building with no outside communication until the process is complete, a move prompting angry protests from TV managers.
Authorities say they want to clean up an industry known for workforce exploitation and rumoured under-the-table deals between media moguls, bankers and influential politicians, while bringing an end to 25 years of chaotic licensing. Government officials have noted that ever since private TV broadcasts began in Greece, channels have been allowed to operate on provisional licenses renewed 15 times since 1995. And a contract for Greece's digital TV provider was concluded two years ago with just one contestant, they note.
Recent Stories
Pakistan strongly reacts to US sanctions over commercial entities’ links with ..
Justice Ishtiaq Ibrahim takes oath as PHC Chief Justice
Mohammad Rizwan likely to be made vice-captain of T20I team
Realme C53 Price Slash: High-Tech Meets High Style at New Low Price!
CPEC has given new boost to economic, cultural relations b/w Pakistan, China: PM
Imran Khan's wife Bushra Bibi's medical tests conducted on court orders
Pakistan requesting multi-billion-dollar loan programme from IMF: Finance Minist ..
Passing out parade of cadets at PMA Kakul
Govt bringing reforms in energy, revenue collection, SOEs: Aurangzeb
Pakistan, New Zealand to face off in 2nd T20I match at Rawalpindi today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 20 April 2024
Today Gold Rate in Pakistan 20 April 2024
More Stories From World
-
Blast at Iraq army base kills one, wounds others
18 minutes ago -
Chinese swimmers failed doping tests ahead of Tokyo Olympics: NY Times
18 minutes ago -
Sweden's Duplantis betters own pole vault world record
18 minutes ago -
Chinese company releases world's highest thermal efficiency diesel engine in Tianjin
19 minutes ago -
UK rules out youth mobility deal with EU
58 minutes ago -
Iran, Israel appear to pull back from brink as Gaza bombed again
58 minutes ago
-
AI a 'fundamental change in the news ecosystem': expert
1 hour ago -
Civilians killed as Ukraine, Russia trade strikes
1 hour ago -
China says AUKUS risks nuclear proliferation in Pacific
1 hour ago -
Emphatic Verstappen enjoys 'incredible' pole after China sprint win
1 hour ago -
Chinese swimmers failed doping tests ahead of Tokyo Olympics: NY Times
1 hour ago -
O'Callaghan upstages Olympic champion Titmus as McKeown challenges world record
2 hours ago