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По подразбиране Bulgaria's Nova Broadcasting Group gets anti-trust nod to buy four radio/TV operators

Hi Friends

SOFIA (Bulgaria), September 18 (SeeNews) - Bulgaria's competition authority said on Friday that it has allowed the planned acquisition of four local radio and TV operators by Nova Broadcasting Group, which is owned by locally-registered Advance Media Group.

The transaction will not lead to the establishment or strengthening of a dominant market position on the local TV distribution, as well as the TV, radio and online advertising segments, the Commission for Protection of Competition said in a statement.

Under the terms of the deal, Nova Broadcasting Group will acquire Elit Media Bulgaria, which operates TV channel Kanal 3; Radio Veselina, which runs music TV channel The Voice and radio station Veselina; Radio Ekspres, the operator of The Voice Radio; and Vitosha FM, which operates Vitosha Radio, Magic FM and Magic TV.

Nova Broadcasting Group comprises seven TV channels, as well as complementary online businesses that reach on average 74% of the Bulgarian population on a monthly basis.

Last year, Swedish entertainment company Modern Times Group (MTG) completed the sale of its 95% stake in Nova Broadcasting Group to Advance Media Group in an all-cash deal which values 100% of Nova at 185 million euro ($219 million).

Advance Media Group is a wholly-owned subsidiary of Advance Properties, which in turn is jointly owned by Bulgarian investors Kiril Domuschiev and Georgi Domuschiev


https://seenews.com/news/bulgarias-n...erators-714173
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Тагове
antitrust, broadcasting, bulgaria, buy, group, nod, nova, operators, radio or tv


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