You will be redirected back to your article in seconds

Egypt TV faces debt

World Brief

Egypt TV is in debt to suppliers of foreign programs and news agencies to the tune of 3 billion Egyptian pounds (about $500 million), and every year is adding a whopping $135 million in debt, according to a major Egyptian foreign TV distrib.

Minister of information Dr. Mamdouh El Beltagui told some Egypt TV industry reps that he might have to shutter one of the two Egypt Sat channels and limit transmission hours of local channels to 12 daily (instead of the current 24). If he shuts half of the 12 Nile Thematic Channels, there will be an estimated $18 million annual gain.

Meanwhile, major companies supplying foreign films, series and programs reportedly are not filling orders received from Egypt TV until past accounts are settled.

More TV

  • 'Prisoners of War' to Be First

    'Prisoners of War' to Be First Hebrew-Language Show to Roll Into India

    Egypt TV is in debt to suppliers of foreign programs and news agencies to the tune of 3 billion Egyptian pounds (about $500 million), and every year is adding a whopping $135 million in debt, according to a major Egyptian foreign TV distrib. Minister of information Dr. Mamdouh El Beltagui told some Egypt TV industry […]

  • British Academy Children's Awards at the

    British TV Comedy Star Barry Chuckle Dies at 73

    Egypt TV is in debt to suppliers of foreign programs and news agencies to the tune of 3 billion Egyptian pounds (about $500 million), and every year is adding a whopping $135 million in debt, according to a major Egyptian foreign TV distrib. Minister of information Dr. Mamdouh El Beltagui told some Egypt TV industry […]

  • TJ MillerWarner Bros. Pictures presentation at

    TJ Miller Denies Former 'Silicon Valley' Co-Star Alice Wetterlund's Bullying Claims

    Egypt TV is in debt to suppliers of foreign programs and news agencies to the tune of 3 billion Egyptian pounds (about $500 million), and every year is adding a whopping $135 million in debt, according to a major Egyptian foreign TV distrib. Minister of information Dr. Mamdouh El Beltagui told some Egypt TV industry […]

  • Lyric McHenry Dead

    Reality TV Personality Lyric McHenry Found Dead at 26

    Egypt TV is in debt to suppliers of foreign programs and news agencies to the tune of 3 billion Egyptian pounds (about $500 million), and every year is adding a whopping $135 million in debt, according to a major Egyptian foreign TV distrib. Minister of information Dr. Mamdouh El Beltagui told some Egypt TV industry […]

  • Simon Cowell Walk of Fame

    Simon Cowell to Be Honored With Star on the Hollywood Walk of Fame

    Egypt TV is in debt to suppliers of foreign programs and news agencies to the tune of 3 billion Egyptian pounds (about $500 million), and every year is adding a whopping $135 million in debt, according to a major Egyptian foreign TV distrib. Minister of information Dr. Mamdouh El Beltagui told some Egypt TV industry […]

More From Our Brands

Access exclusive content