Read the following paragraph and determine if the hypothesis is true:

Founded by a joint venture between private group TF1 and the public France Télévisions the new channel is managed by Alain de Pouzilhac, former Havas head. Employing 170 journalists and a total of 380 people, France 24 is funded by 86 million euro of public money.The motto of the new freely-available international channel is "un regard français", aiming to promote a French world-view the channel was a project with the blessing of the country's president, Jacques Chirac.

Hypothesis: Employing 170 journalists and a total of 380 people, France 24 is funded by 860 million euro of public money.
No