About Civil.ge
Eng | Geo | Rus
Last updated: 17:20 - 12 Feb.'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
12 Feb.'16 17:20
Four NATO Ships Make Port Call in Batumi
Two Turkish, as well as Spanish and Romanian ships make port call in Batumi on February 12-15.
12 Feb.'16 01:19
Govt Mulls GEL 400m Budget Cut Amid Planned Corporate Income Tax Reform
Govt proposes to introduce zero corporate income tax on undistributed profits from July.
11 Feb.'16 20:45
President Names Candidate for C.Bank Board
If approved by the Parliament, Koba Gvenetadze will replace Giorgi Kadagidze in central bank’s board.
11 Feb.'16 18:58
NATO, Georgian Defense Ministers Meet in Brussels
Joint NATO-Georgia training center will start tactical training of Georgian officers in May.
11 Feb.'16 12:53
PM Vows Holding of 2016 Elections at ‘Highest Standards’
“This is vitally important for us that all the components of democratic elections be observed,” he said.
10 Feb.'16 23:40
Politicians Comment on U.S. Intelligence Annual Report
U.S. diplomat said the report was “unfortunately a little bit misconstrued here in Georgia.”
10 Feb.'16 12:52
Georgia in U.S. Intelligence Annual Report
Frustration of elites with pace of Western integration may slow Georgia’s Euro-Atlantic efforts, it says.
09 Feb.'16 22:28
European Commission to Formally Propose EU Members to Lift Visas for Georgia in ‘Coming Weeks’
“I trust that Georgia will keep up its good performance,” Commissioner Hahn said.
09 Feb.'16 16:55
Georgian PM Meets European Council President
Upcoming elections in Georgia and the issue of visa-free travel rules discussed.
09 Feb.'16 14:48
Georgia to Reintroduce Visa-Free Rules with Iran from Feb.15
Georgia suspended visa-free rules with Iran in July, 2013.

About Civil Georgia
Civil.Ge © 2001-2016, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
69