The European Commission will decide in January whether to change its relationship with Euronews — which it part-funds — because of management upheaval and rumors that NBC is buying a large stake in the company.

The matter was raised Wednesday, at the request of Commission President Jean-Claude Juncker, at the final commissioners’ meeting of the year.

Sources told POLITICO the Commission is “analyzing” its involvement with the media group as its four-year contract runs out at the end of the month.

Euronews is a private company, run since last year by Egyptian businessman Naguib Sawiris. The Commission does not have a seat on the company’s board, but has a “framework partnership” worth €30 million a year to support EU affairs coverage and some linguistic services.

Günther Oettinger, the European commissioner for the digital economy and society, who is in charge of Commission media policy, met with NBC president Deborah Turness and Euronews CEO Michael Peters on December 1 to discuss the partnership.

A Commission spokesperson said it was “too soon” to make a decision as “to our knowledge this deal [with NBC] has not been finalized yet.” A Commission source said payments to Euronews will continue between the contract ending in December and the Commission’s decision in January.

If some staffers are hoping a partnership with the U.S. media giant could boost the company, an internal memo seen by POLITICO is wary of “the idea of saving our TV channel with the help of a big American actor,” a move that could indicate that “management doesn’t know where we are going.”

Euronews was launched in 1992 is a Europe-wide TV channel based in Lyon, providing news in 13 languages.