Lyon-based European news channel euronews has posted a 2010 operating income of €60 million, up 14% year-on-year.

All of this was done with a 10% growth in headcount growth to reach nearly 700 staff, including 400 journalists, at the end of last year.

Not surprisingly, euronews’ annual general meeting of shareholders, comprising 21 public broadcasters and to whom results were presented, approved the 2010 accounts.

The meeting also confirmed the validity of the news organisation’s Euronews' business model based on a multicultural and multi-platform editorial offering reaching 350 million homes worldwide, and the expansion strategy embarked upon in 2008.

It has thus been decided that the company's governance and organisation should undergo reform in December 2011.

Meanwhile, euronews will be run collegially by an Executive Board comprising Philippe Cayla (CEO) and Michael Peters (Managing Director).