The Serbian government has initiated an official procedure to sell the TV station Studio B, which is owned and operated by the Belgrade local authority. Even though a deadline for bids is still unknown, the sale should be completed by December 31. Studio B, which was set up in 1990, won a licence to broadcast in Belgrade last year and has to be privatised by the end of 2007 in order to continue using its frequency. Media privatisation has brought about ownership changes in 13 publishing companies in Serbia so far, while television broadcasters have yet to go private. Currently, 92 companies with mixed ownership that are at least partly engaged in radio or television broadcasting are awaiting privatisation and more than half will be sold at public auctions. Under the law, all electronic media must complete privatisation by year’s end to be able to take part in a subsequent tender for regional and local broadcast licences.