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ftm Radio Page - week ending April 6, 2018

When the seller is ready the buyer appears
cat out of the bag

A significant change in the Czech media landscape appears closer. This time it’s almost certainly in the radio broadcasting sector. Czech Media Invest, owner of publisher Czech News Center, registered Czech Radio Center, reported media news portal (April 4). Czech News Center is principally owned by energy billionaire Daniel Kretinsky through Czech Media Invest and publishes the top selling tabloid Blick and several other titles.

The Lagardère Active CR radio stations may be the target, reported Czech media watcher (March 20). The subsidiary of Lagardère Active International owns Evropa 2, Frekvence 1, Rádio Bonton, Dance Radio and all-news Radio ZET, a joint venture with Media Bohemia, plus several online radio channels, a production house, media saleshouse Regie Radio Music and Slovak radio station Evropa 2. Largardère Active launched Evropa 2 in 1990 as the first privately-owned national radio channel in then Czechoslovakia. Frekvence 1 was launched in 1993. (See more about media in the Czech Republic here)

Czech Media Invest was created in 2014 as Mr. Kretinsky and banker Patrik Tkac acquired the Czech publishing assets from the Ringier Axel Springer joint venture. In January Czech News Center acquired a 20% stake in Magical Roof, owner of digital TV channel Joj Family TV.

This potential transaction comes as the French parent company, Largardère Group, is undergoing a “spring cleaning,” reported French daily Le Figaro (April 3). This “dismantling” means all media assets are on the block except French national radio channel Europe 1, Journal du Dimanche (JDD), magazine Paris Match and production house Lagardère Studios. The company expects asset sales to raise as much as €700 million and be completed by the end of the year.


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