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Portugal Postpones Sale of Public Broadcaster
Jan 25th 2013, 11:21

LISBON, Portugal (AP) — Portugal's government is postponing its planned privatization of the public broadcaster after complaints from private channels that the advertising market isn't big enough for another competitor. Parliamentary Affairs Minister Miguel Relvas said late Thursday the planned sale of all or part of Radiotelevisao Portuguesa will take place at "a more suitable time" as Portugal endures what is forecast to be a third straight year of recession in 2013. Portugal's two private channels, TVI and S.I.C., opposed the privatization because the economic slowdown has cut advertising revenue. Debt-heavy Portugal needed a €78 billion ($104 billion) bailout in May...

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