Euronews is a pan-European pay television news network, headquartered in Lyon, France. The network began broadcasting on 1 January 1993 and aimed to cover world news from a pan-European perspective.
It is jointly owned by several European and North African public and state-owned broadcasting organizations, and is currently majority-owned (88%) by Media Globe Networks, led by Egyptian billionaire Naguib Sawiris, who is the chairman of the supervisory board. It is also a provider of live streaming world news, which can be viewed in many countries (but not in the USA) via its website, on YouTube, and on various mobile devices and digital media players.
In 1992, following the Persian Gulf War, during which CNN’s position as the preeminent source of 24-hour news programming was cemented, the European Broadcasting Union decided to establish Euronews to present information from a European perspective. The channel’s first broadcast was on 1 January 1993 from Écully, Lyon. An additional broadcast studio was set up in London in 1996. It was founded by a group of ten public broadcasters: