FILE - Egyptian Media Group
CAIRO – 11 September 2018: Egyptian Media Group successfully sealed a deal to buy 51 percent of the shares of the Future Group Holding, the company owns all the TV channels of CBC.
The move was sought to realize a new integration of Egyptian media institutions for new content in the Arab region. Chief Executive Officer of Egyptian Media Group, Tamer Morsi, became the new CEO of the Future Group Holding in the light of the new deal.
Egyptian Media Group has previously acquired Al-Hayat TV Network on July 5, M announced on Thursday, July 5, acquiring Al-Hayat TV Network.
Morsi was announced to hold the post of Egyptian Media Group CEO in February to succeed former head of Egypt's state Radio and TV Union, Osama el-Sheikh, after his resignation.