Monday, August 13, 2018

Filmed in Cairo : The return of a state-owned Press corporation CEO

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Akhbar Al Youm press corporation is celebrating the return of its CEO and Journalist Yasser Rizk from abroad after having some surgery. Rizk is known to be among the very close journalists to the Egyptian Presidency and current President Abdel Fattah El-Sisi himself as well the army.

The state-owned press corporation had banners with his face with the cheesiest slogans ever all over its buildings in Downtown Cairo and even hired a DJ blasting songs since early morning.

When famous Journalist and Akhbar Al Youm founder Mostafa Amin was exonerated of espionage charges and was released from jail in 1974, he was not received like that !!!!!
It is worth to mention that State-owned press corporations are funded from the people's taxes and they have been suffering recently huge losses. According to the head of the National Press authority Karm Gabr in October 2017, the losses of State-owned press corporations reached LE 19 billion.

Last week, the National Press authority had a meeting with the CEO of State-owned and  Press
Akhbar Al Youm press corporation
Akhbar Al Youm celebrating the return of its CEO with
banners and DJ 
 corporations and they discussed raising the prices of the daily newspapers from LE 1 to LE 2.

The printed newspapers in Egypt are having hard times on many levels as the internet and social media are now alternative as a news source for millions of Egypt who technically lost faith in printed media due to its continuous hypocrisy.

Needless to say, nobody wants to tackle the main reason of state-owned press corporations' failure: CORRUPTION. For three decades, those corporations suffered from the ongoing corruption that has not stopped up till now.

 Most of the State-owned Press corporations in Egypt were nationalized in the 1960s to become under the full state control during the Nasser's era. Before nationalization, they were successful corporations that made Egypt a true of journalism in the Middle East.

Now we hear from time to time that the State wants to nationalize its press corporations and some believe it will happen soon as part of the IMF deal.

Only time we will tell but somehow I believe the current administration won't give up one of its arms easily: State-owned Press Corporations. 


  1. Our Press is very a very hard time of it too. Donald Trump constantly says "they are the enemy of the people" anytime anything is said about his administration. The local newspapers are also dying, after raising prices. Its hard to say what the future will look like.

  2. correction: Our press is also having avery hard time, as are the journalistis who work for a Free Press, which use to be called "The 4th Estate".

  3. ALL I can say IS: ''WELCOME back home safe Mr.YASSER RIZK,= Alfi HAMDIL'ALLAH AL SALAMAH'' HIM and to anyone RETURNED back home safe from any Surgery- & in Any-day?!!......
    YES ,Allegedly Mr. MOSTAFA AMIN...accused/& wrongfully imprisoned in 1965 ?...but then situation was different/ Circumstances ....mentalities....PUBLIC OPINIONS, so when Mr.AMIN was set FREE in 1974 by Late President Mr.SADAT...IT WAS A JOYOUS EVENT Indeed/ but to CELEBRATE With Fireworks? seemed Inappropriate at that time ,as Egypt just came out Victorious aftermath 1973 October war....Already people were in VICTORIOUS mood...and i am sure Late Mr.MOSTAFA AMIN HIS good self didn't want MUCH ADO about HIS freedom & pardon..(as some considered)?...HIS better reward was>RE-INSTATING HIM as Editor in Chief OF the great paper HE & HIS Late=(now)-Twin Brother Mr.ALI AMIN founded DAR AKHBAR AL YOWM in 1952....WITH THE NEW DAWN OF EGYPT....SO, ''THAT ITSELF'' was An GIGANTIC CELEBRATION?!...TODAY, As they say ''We are children of Today''= ''IHNA AWLAD AN NAHAR DAH''?let us celebrate Mr.RIZK'S SAFE RETURN home to HIS happy Nest at DAR AKHBAR AL YOWM/CAIRO HIS Family/Loved-ones/Friends & Colleagues and Enjoy those VERY HAPPY MOMENTS FOR THE EGYPTIAN PRESS...that led the ARAB MEDIA SINCE MANY decades ..and all the FINE contributions it made to ARAB-PRESS along those long years ..EVEN AS A MATTER OF FACT ..a Century OR MORE?!
    ************************GOD BLESS EGYPT**********
    is-hak sahaG Barsoumian/Mr.NostalgiA/ Wed.15 August 2018/London-G.B


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