About Civil.ge
Eng | Geo | Rus
Last updated: 21:10 - 4 May.'16
RSS
Mobile
Twitter
Facebook
Rustavi 2 Broadcaster Buys into Mze TV
Civil Georgia, Tbilisi / 4 Jan.'06 / 21:18

Rustavi 2 broadcasting company has bought shares of another Tbilisi-based TV station Mze (the Sun) – as a result a new Georgian media holding has been set up, the Rustavi 2 reported on January 4. Amount of the deal has not been disclosed.

According to this report Kibar Khalvashi, 100% shareholder of Rustavi 2 has bought 78% shares of Mze TV from the building materials’ production company SakCementi. Businessmen and parliamentarian Davit Bezhuashvili, who is brother of Foreign Minister Gela Bezhuashvili, is behind SakCementi company.

According to the deal, which will be finalized on January 5, Kibar Khalvashi, who is a close friend of Defense Minister Irakli Okruashvili, will own 78% of the new media holding; the rest 22% of shares will be under the SakCementi’s ownership.

Founded in 1994 Rustavi 2 TV has become a leading television station in Georgia. As a result of the deal it will now reportedly control most of the Georgia’s growing TV advertisement market.

Rustavi 2 also reported that that as a result of this deal the Mze TV, which was founded in 2003, will most likely become entertainment television.

The new company will be the largest Georgian media holding, followed by Imedi holding, uniting television and radio stations, which is owned by an influential tycoon Badri Patarkatsishvili.

Latest News
04 May.'16 21:10
Row Brewing Between GDDG MPs, President Over Supreme Court Nominations
President will not make “behind-the-scenes deals” over Supreme Court nominees, his adviser said.
03 May.'16 19:22
Georgia Votes Against Kosovo’s UEFA Membership
Kosovo became 55th member of UEFA after 28 of its members voted in favor.
03 May.'16 11:56
Geostat: Annual Inflation 3.2% in April
On a monthly basis, prices fell 0.6% in April, according to the state statistics office.
02 May.'16 19:23
PACE monitors to visit Georgia
Two co-rapporteurs from the Parliamentary Assembly of Council of Europe will visit Tbilisi on May 3-5.
30 Apr.'16 13:48
UNM Lays Out Rules for Compiling Its Party List of MP Candidates
Party list will be drawn up “based on principles and not based on anyone’s desires,” UNM’s Bakradze said.
29 Apr.'16 16:56
Opera Singer and His Potential Political Party in IRI-Commissioned Poll
Burchuladze’s movement was not too far behind from GDDG and UNM in a poll fielded in March.
28 Apr.'16 18:42
Geostat Releases Final Results of 2014 Census
Final results also include data on ethnicity and religious beliefs of country’s 3.71 million people.
28 Apr.'16 14:26
Five Men, Suspected of Trying to Sell Uranium, Arrested
The State Security Service said suspects were trying to sell 1.6kg of radioactive material for $3mln.
28 Apr.'16 11:49
Q1’16 GDP Growth 2.3% - Preliminary Data
Real GDP grew 3.4% y/y in March, after 0.8% and 2.6% growth in January and February, respectively.
27 Apr.'16 20:01
Bill Allowing PM to Run for MP Without Quitting Cabinet Post Passed in First Reading
Parliament passed amendment to the election code with 77 votes to 21 on Wednesday.

About Civil Georgia
Civil.Ge © 2001-2016, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
48