The station, known as Rabia, will have an Islamist slant and use the motto "the pulse of freedom," Today's Zaman reported Saturday.
Rabia is named after a prominent public square in Egypt that became a symbol of the Brotherhood's resistance to the military ouster of President Mohamed Morsi.
The announcement was made on Facebook by the Egyptian anti-government National Alliance.
Details of Rabia's programming were not revealed but Today's Zaman said its launch would likely further strain relations between Egypt and Turkey.
Egypt has already speculated Rabia has the backing of Turkish intelligence agencies.