About Civil.ge
Eng | Geo | Rus
Last updated: 16:51 - 23 Oct.'14
 
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
23 Oct.'14 16:51
Abkhaz Leader Makes TV Address on Moscow-Proposed Treaty
Russia does not try to impose its proposed draft treaty, Raul Khajimba said.
23 Oct.'14 02:39
Once Mosque, Disputed Half-Ruined Building Sparks Confrontation
14 people were arrested after the incident in the village of Mokhe on October 22.
22 Oct.'14 23:48
Lithuanian FM Visits Tbilisi
Linas Linkevičius arrived in Tbilisi after visiting Azerbaijan.
22 Oct.'14 16:05
Akhalaia Sentenced to 7.5 Years in Prison
Court found ex-prison chief guilty of power abuse and torture in two separate cases.
22 Oct.'14 14:10
Top NATO Commander: ‘Partnership with Georgia Rock Solid’
NATO’s Supreme Allied Commander in Europe met Georgian PM, Defense Minister.
21 Oct.'14 23:52
After Series of Murders of Women, Govt Mulls Anti-Domestic Violence Policy
A murder-suicide case in Tbilisi university pushed the problem in the center of public attention.
21 Oct.'14 18:05
Top NATO Commander Visits Georgia
Gen. Breedlove, commander of U.S. forces in Europe, will meet Georgian leadership on October 22.
21 Oct.'14 11:08
Moscow Says Tbilisi’s Allegations on Abkhaz Annexation ‘Dangerous Speculation’
Georgia’s claims can seriously mar Geneva talks, the Russian Foreign Ministry said.
20 Oct.'14 13:37
Merabishvili Sentenced in Girgvliani Case-Related Trial
He was sentenced to 3 years in jail after being found guilty of power abuse and fraudulent actions.
19 Oct.'14 16:14
Tbilisi Says to Counter Russia’s Abkhaz Moves with ‘Pro-Active’ Foreign Policy
Russia-proposed new treaty with Abkhazia discussed by Georgian state security council.

About Civil Georgia
Civil.Ge © 2001-2013, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
13