Spectator on facebook

Spectator on facebook

Piano Media purchases US Press+

PIANO Media, a company offering an online payment scheme in Slovakia, has bought its biggest rival on the market, US Press+ firm. The acquisition has resulted in the creation of the biggest online payment scheme in the world, operating 630 publishing houses on five continents, the Omediach.com website wrote on September 9.

PIANO Media, a company offering an online payment scheme in Slovakia, has bought its biggest rival on the market, US Press+ firm. The acquisition has resulted in the creation of the biggest online payment scheme in the world, operating 630 publishing houses on five continents, the Omediach.com website wrote on September 9.

“The group of investors led by 3TS Capital Partners has acquired through Piano Media the biggest provider of digital subscription services in the world, Press+,” David Brauchli, spokesperson for Piano Media, told Omediach.com.

The acquisition will allow the two companies to extend this payment scheme model across the world, Brauchli added.

The new head of the merged company became Kelly Leach, former head of the European Wall Street Journal and executive director of EMEA for Dow Jones.

Source: Omediach.com

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Kysuce highway stalled due to missing money

Money is missing to finish the section of highway between Žilina and Poland, stopping the completion of the D3 highway project.

Road-blocking protest in Povina, Kysuce, demanding completion of highway bypass - February 16.

Slovak film won Generation Kplus section at Berlinale

The film Little Harbour that won the Crystal Bear – beating movies from many other countries - is the work of (mostly) Slovak women.

Director of Little Harbour, Iveta Grófová, with the Cristal Bear

State insulation falls behind expectations, ministry widens support

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the insulation programme.

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the state insulation programme. Illustration stock photo

US philosopher with Slovak roots, Michael Novak, dies

The man who advised politicians and even presidents Gerald Ford and James Carter died on February 17, aged 83.

Michael Novak