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Latest Satellite News Discussion, Update RTL prepares Serbia move at General Satellite News forum; RTL prepares Serbia move RTL Group is set to take a 49% stake in Serbias TV Avala, after getting the ...

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Update RTL prepares Serbia move - 11-November-2008, 15:10

RTL prepares Serbia move

RTL Group is set to take a 49% stake in Serbias TV Avala, after getting the go-ahead from the countrys broadcasting regulator.

We have made a conditional decision and RTL will have to provide us with additional information in order to take over 49% of Avala, said Slobodan Djoric, a member of the Republic Broadcasting Agency (RRA). One of the conditions will be that RTL will not be able to change the name of TV Avala, so a compromise solution will be found in the name TV RTL-Avala.

According to unconfirmed reports, the 45 million agreement for the takeover of the minority share package will be signed on November 20.

RTL failed to enter the Serbian market in the bidding for the so-called national frequencies several years ago.

The largest stakeholder in the Belgrade-based TV station is tycoon Danko Djunic with 45.65%, while Zeljko Mitrovic, the owner of another national broadcaster, TV Pink, has a 5.95% share.
   
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