From the only reliable source of Catholic news on the net, Eye of the Tiber:
“EWTN has been a partner with the Holy See for many years, and I am very pleased and excited that this highly respected organization will become a part of the EWTN family of services,” said Network chairman Michael P. Warsaw. “Since its founding two-thousand years ago, the Vatican has proven itself to be a valuable source for all things Catholic.”
Under the terms of the agreement, no cash will be exchanged between the parties, and EWTN will assume control of all ongoing activities of the Vatican. Host of The World Over Raymond Arroyo is expected to be named new head of the Congregation for the Doctrine of the Faith.
“Among other impressive accomplishments, the Vatican is the world’s largest charitable organization in the world,” Arroyo said. “It was founded in 33 A.D. and it’s been expanding ever since. I truly believe that this union is a match made in Heaven.”
Though the Holy See has long been a player in religion, it has struggled of late with many financial issues. But many analysts are saying that with EWTN’s power and influence now backing the Holy See, it should really start becoming a real contender again.
Pope Francis when asked to comment, inquired, “Is Mother Angelica planning to retire?”