The European Commission will spend E40 million ($63 million) over five years setting up a network for producing and sharing TV current affairs content.
TV channels belonging to the network would contribute to a pool of current affairs content from which other participants can select, translate and re-format for broadcast.
Beyond insisting that the content should be of pan-European interest, the Commission will not interfere with the choice of topic or its presentation. However, the material must be produced according to a code of good journalistic conduct.
The TV network, which should be running in 2009, is part of a plan to improve communication of European Union issues.
A network for sharing radio content, involving 16 radio stations from 13 countries, went live on April 1.