EMG announces acquires 51% of Future Group Holding
Our daily talk show report will be back on Sunday. We hope to have updates before then on the status of Lamees Al Hadidi and Hona Al Asema — she’s still MIA.
Talk-show-related M&A WATCH- CBC has a new owner: Egyptian Media Group (EMG) has acquired a 51% stake in Future Group Holding (FGM), which owns satellite news channel CBC, Youm7 reports. Rumors had surfaced earlier in the week that the acquisition and alleged changes to the programing of CBC were behind Lamees’ absence. EMG CEO Tamer Morsi has been appointed to head the newly merged group. EMG had acquired Al-Hayat TV Network in July.