CAIRO — It appears the Egyptian government has indirectly tightened its hold on the media yet again. An Egyptian security company's subsidiary acquired Al-Hayat TV network for 1.4 billion Egyptian pounds ($80 million) from Sigma Media Group.
Tawasol for Public Relations and Media, a subsidiary of Falcon Group, bought the network Sept. 13. Falcon provides security for diplomats, the United Nations offices in Egypt and government officials and facilities.