EC OKs Danish pubcaster bailout
TV2 Danmark gets credit facility go-aheadBRUSSELS -- The Danish government's bailout of public broadcaster TV 2 Danmark was given the green light by the European Commission on Monday.
The aid comes in the form of a credit facility from the Danish Ministry of Culture to help ease the company's cash flow problems. The commission -- the EU's antitrust authority -- said it will review in due course whether the credit should be fully reimbursed or whether appropriate restructuring measures to restore the long-term viability of TV 2 Danmark are taken.
TV2 began broadcast in 1988 and is now funded solely by advertising sales, as the license fee was scrapped in 2004.