Dick Erixon, the publisher responsible for both sites, told Aftonbladet that a decision had already been taken and that the details of the separation would be worked out over the summer.
"The party has said that it shouldn't own any media," he told the newspaper. "The decision has been taken on that principle, but it's not yet decided how it's going to be done. How the transfer is going to be made isn't yet clear, but it's something we're working on and we'll give more details as soon as we're ready."
Riks, which is wholly owned by the Sweden Democrats through its company Samtid & Framtid AB, has been particularly controversial, with hosts, for instance, dressing up in burqas to ridicule Muslim women.
The channel's former host, Rebecka Fallenkvist, made herself notorious on election night when she spoke of a "Helg seger", a backwards way of saying "segerhelg", or victory evening, and raised her hand in what came close to a Nazi salute.
The phrase Hell seger, is a version of Nazi Germany's Sieg heil victory salute, which is still used today by Swedish neo-Nazis.
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