Pressure of Truth
Exposing the spin on all sides of the news.
Outlet profile

Euronews

European center-left leaning, pan-European

Owned byAlpac Capital, a Portugal-based investment fund led by Pedro Vargas David and Luís Santos, which bought a controlling stake from Egyptian telecoms billionaire Naguib Sawiris in 2022
FundingAdvertising, distribution/subscription fees, EU institutional funding and content partnerships, plus private investor capital from Alpac Capital; investigations have traced part of the 2022 purchase financing to a Hungarian state investment fund and businesses linked to Viktor Orbán's circle
On the administrationmixed

Background

Euronews launched in 1993 as a multilingual, Lyon-based alternative to national broadcasters, aiming to offer a distinctly European perspective on world news. It was originally backed by a consortium of European public broadcasters before passing through several ownership changes, including Egyptian billionaire Naguib Sawiris's Media Globe Networks, which held a majority stake for years. In 2022, Portugal's Alpac Capital, led by Pedro Vargas David, acquired the controlling stake; joint investigations by Hungarian, French and Portuguese outlets later reported that a significant share of the purchase funding traced back to a Hungarian state investment vehicle and entities linked to Viktor Orbán's political-business network, and leaked internal memos reportedly described a goal of "mitigating the leftist bias" in the outlet's coverage. Since then, Alpac has expanded into other European media, including a 2026 move to acquire independent Serbian and Balkan outlets, drawing further scrutiny of its political ties. Euronews returned to profitability in 2025 and continues to brand itself as a pro-European, editorially independent broadcaster distributed in numerous languages across the EU and beyond. Media-bias monitors typically rate it center-left with high factual accuracy, while noting a risk of favorable coverage tied to sponsored content deals with certain governments.

Sources

  1. Alpac Capital completes Euronews acquisition
  2. New Euronews Owner, Alpac Capital, Linked To Hungarian PM's Adviser
  3. Exposed: Orbán's Inner Circle Linked to Acquisition of Major European TV Network
  4. Euronews - Bias and Credibility - Media Bias/Fact Check
  5. Alpac Capital to acquire independent Serbian and regional media
  6. Euronews returns to profitability, announces new chapter as Europe's leading news provider
  7. All major US networks suspend Trump coverage in revolt over White House ban | Euronews
  8. Alpac Capital - Wikipedia

Profile compiled 2026-09-25; refreshed when ownership, funding, or the administration changes.

← Back to track record