Morocco: The creation of the public megapolis "Media Holding Public" with the National Broadcasting and Television Society (SNRT), 2M and Medi1, under the aegis of SNRT will come to fruition in the coming weeks.
SNRT turned into a holding company after it entered the capital of the second channel and Medi1. The aim of the transformation was to streamline finances and ensure development.
The financial situation of 2M and the impacts of the pandemic accelerated the implementation of the project. The operation also allows Mohammed VI's adviser, Fouad Ali el-Himma, to take control of the new structure and move away from its rival, the king's special secretary, Mounir el-Majidi.
2M was, at its creation, an association between TF1, Sofirad, Videotron, the ZDF and Moroccan institutional including the Omnium North African. In 1996, the Moroccan state increased its participation to 70%.
Medi 1, Radio Méditerranée International was born in 1980 and is owned 51% by Moroccan partners (including 25.5% by the Moroccan Bank for Foreign Trade and 25.5% by Omnium North Africa Group) and 49% by France, by the Internet mediator of the Company international radio and television (CIRT) whose Mother House was SOFIRAD.
In 2003, Rabat requests France's intervention to create a decline of Medi 1 radio on television. The Société Médi-1-Sat, publisher of television services called "Médi-l-Sat" was created as an anonymous company under Moroccan law and SOFIRAD will be present at a maximum of 30% through the CIRT.
Following the dissolution of Sofirad the shares were resold and in 2009, the CIRT disengaged from Médi1 Sat and ceded its shares to the two main Moroccan shareholders (FIPAR Holding and Maroc Telecom), Medi 1 conservative, on its part, toujo urs his share in the capital.
The future will tell us what editorial autonomy the two entities taken over by the Holding will retain.
Second question: the future of Medi 1's big wave transmitter.
(Radio Magazine/FB)