• Subscribe
  • Advertise
    • Media Info
    • Terms & Conditions for Advertisers
    • Mechanical Data

Broadband TV News

Independent. Since 2003

  • Home
  • News Line
    • Central & East Europe
    • People
  • TV
    • On Demand/VOD
    • IPTV
    • Cable
    • Satellite
    • Terrestrial
    • Distribution
  • Business
  • Tech
  • Columns
    • Chris Dziadul
    • Julian Clover
    • Robert Briel
  • Events
    • Events Diary
    • BTN Events
    • Events Coverage
    • Submit the details of your event
  • Features
  • Resources
    • White Papers

Bulgarian businessman “buys Nova TV”

February 21, 2019 09.24 Europe/London By Chris Dziadul

The Bulgarian businessman Kiril Domuschiev is understood to have acquired the national broadcaster Nova TV from Modern Times Group (MTG).

According to Novinite, the transaction was reported by topnovini.bg and confirmed to money.bg by a source requesting anonymity.

It adds that Domuschiev is the chairman of the Confederation of Industrial Employers in Bulgaria (CEIBG) and his interests include Ludogorets FC as well as the pharmaceutical Huvepharma, Biovet and Navigation Bulgarian Maritime Navy.

Although no financial details of the deal have been disclosed, Domuschiev is likely to have paid less than the €620 million MTG did when acquiring Nova, one of Bulgaria’s two leading broadcasters, in 2008.

Broadband TV News notes that MTG originally agreed to sell Nova to the Czech entrepreneur’s PPF Group but pulled out of the deal earlier this year following opposition from the Commission for Protection of Competition (CPC).

Nova was subsequently identified as a possible take-over target for Domuschiev and Spas Rusev, another Bulgarian entrepreneur.

An official announcement on the sale to Domuschiev is expected shortly and the deal will require the approval of the CPC.

UPDATE. MTG has confirmed the Nova TV sale.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: Central & East Europe, Editor's Choice, Finance, Newsline Tagged With: Bulgaria, Kiril Domuschiev, Nova TV Edited: 22 February 2019 17:33

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

Latest News

  • Netflix offering a ‘spectrum of payment options’
  • Disney extends Bob Chapek’s contract
  • Digital UK announces chief product officer roles
  • Cyfrowy Polsat to be investigated
  • FilmBox debuts on Ziggo in Netherlands

Watch Video

Xperi on using AI to identify your audience – ANGA COM Roundup Video

Patrick Byrden, Xperi's VP of Business Development & Strategy, tells Julian Clover how the company is using AI to detect who is watching the TV, and providing them with more relevant content. … [Watch Now ...]

Amino supporting RDK & Android platforms – ANGA COM Roundup Video

Julian Clover speaks to Amino's Jonny McKee about the company's transition towards standards platforms to support the launch of OTT services. Recorded at ANGA COM in Cologne. … [Watch Now ...]

Free Ebook

eBook: Overcoming the Top 5 Challenges in Server-side IP Ad insertion

IP video is a game-changer for advertising. However, unlike traditional television, IP video is more dynamic, with new devices, formats, content and services to consider. … [Download the eBook...]

Broadband TV News

  • Subscribe
  • About us
  • Contacts
  • Logos & Pictures
  • Privacy Policy
  • Terms and Conditions

Advertising

  • Media Info
  • Terms & Conditions
  • Mechanical Data
  • Video Services

News

  • Latest
  • Central & East Europe
  • TV
  • Tech
  • Streaming
  • Cable
  • Satellite
  • Terrestrial
  • IPTV
  • Business
  • People

Events

  • Events Diary
  • BTN Events
  • Submit the details of your event
  • Media Meet & Greet

Broadband TV News

PO Box 499
Cambridge
United Kingdom
CB1 0AH
news@broadbandtvnews.com

Connect with Us

 

Copyright © 2022 Broadband TV News LLP · Log in

 

Loading Comments...