Spectator on facebook

Spectator on facebook

CME completes acquisition of controlling stake in TV Markíza

CENTRAL European Media Enterprises Ltd. (CME) on January 23 completed its acquisition of a controlling stake in Slovakia's most watched TV station, the private channel Markíza.

CME increased its stake in Markíza's broadcaster to 80 percent in the transaction. The company said the purchase price was $24.4 million (€20.6 million).

A deferred $5.1 million (€4.3 million) instalment of the purchase price is due May 31, 2006. With the acquisition, CME fulfils a long-term plan. "We expect better results from the acquisition of control over the operation of Markíza," said CME President Michael Garin.

The station was repeatedly criticized for biased reporting under the influence of its founder, Pavol Rusko, who used its news programmes to promote his ANO party and to attack political opponents. CME's takeover, which follows a buy-out of Rusko's stake, is expected to return balance to Markíza's programming, and aid problem-free approval of its application for license renewal.

Ján Kováčik and Milan Filo continue to hold minority stakes in Markíza.

Compiled by Marta Ďurianová from press reports
The
Slovak Spectator cannot vouch for the accuracy of the information
presented in its Flash News postings.


The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Rector, minister, president. Why nobody halted the plagiarists’ appointment?

None of the concerned parties see their role in evaluating the moral qualities of the candidate for proffessor.

Marian Vanderka

Fallen lines and engine fires: Slovak trains are not without incidents Photo

Slovak rail carrier ZSSK is facing a massive wave of criticism after some recent accidents.

Fire on a train between Šaľa and Galanta.

Rules for hiring foreigners are simpler. For exceptions

Despite positive changes, employers still point to some barriers preventing more effective and simpler recruitment of foreign workers.

Some problems with Foreigners’ Police continue.

For a Decent Slovakia protests to resume on Friday

After a summer break, organisers of the protests that have drawn masses to Slovakia’s streets stated that their – and the citizens’ – demands are far from being met.

For A Decent Slovakia march on June 22, 2018, in Bratislava.