The Cabinet of Ministers has rejected the proposal put forward on providing ‘Channel Eye’ owned by Sri Lanka Rupavahini Corporation (SLRC) to Lyca Group on a lease, it was reported.

According to Lankadeepa, the Cabinet of Ministers convened under the patronage of President Ranil Wickremesinghe yesterday (Aug.14).

The proposal pertaining to ‘Channel Eye’ was submitted to the Cabinet by Minister of Mass Media Bandula Gunawardena. 

It was reported that the SLRC and Lyca Group had reached a common consensus on the matter at the end of July.

However, approval had not been obtained from the SLRC Board of Directors or the Ministry of Mass Media in this regard. (NewsWire)

The post Cabinet rejects Lyca-Channel eye TV deal appeared first on Newswire.