902 shades of gray

The recent sale of the greek Communist Party’s (KKE) television and radio station, known as 902, to an offshore company based on Cyprus (whose sole shareholder is another company registered in the Virgin Islands) has raised a number of serious issues that need to be addressed.

Greek law is very clear on the issue of transparency pertaining to the ownership of media companies. It certainly looks like the Greek authorities will have to take action in the case of 902. The people are interested in knowing who the real owners of every news organization are.

Furthermore, it is hard to understand how a left-wing party, which is so often the first to cry foul in alleged cases of corruption and the lack of transparency in this country, could have possibly acted in such a cynical manner in the sale of an asset – in this case its own broadcaster.