Bids for new TV licenses to begin next week, says state minister

Minister of State Nikos Pappas said new television license bids were expected to begin as early next week. Speaking to a local radio station on Thursday, Pappas said public consultation over the new legislation was reaching its conclusion and that comments would be examined.

The contentious bill on broadcasting regulations was approved in February. Broadcasters competing for one of the four licenses for operating a private television station the government has put to tender will have to submit offers of 3 million euros.

On Wednesday, Teletypos SA, owner of Mega Channel, filed a preliminary appeal regarding the procedure. In a statement released on Wednesday, company president Stavros Psycharis noted that the starting price of 3 million euros was exorbitant and that company was unable to pay it.