13/05/2019 (Agence Europe) – The financial support granted to Euronews has enabled the news channel to broaden its coverage of European affairs, but this funding of €24.5 million per year needs to be better monitored, according to a rapid case review by the European Court of Auditors (ECA) published on Monday 13 May. In particular, after opting for a subsidy system based on performance monitoring in 2018, the European institution “does not have a system to verify whether Euronews is achieving the objectives agreed in the partnership agreements”, notes the ECA. Moreover, most European citizens do not have access to Euronews - which is not a public service channel in any Member State - and robust figures on its audience are not available. At the end of March, Euronews was 60% owned by Luxembourg-based Media Globe Networks and 25% by the US network NBC. (MB)