About Civil.ge
Eng | Geo | Rus
Last updated: 20:33 - 6 Mar.'15
 
RSS
Mobile
Twitter
Facebook
New Co-Owner in Maestro TV as a Result of Merger
Civil Georgia, Tbilisi / 24 Mar.'11 / 14:51

Maestro TV station announced on March 23 about merger with Tbilisi-based FM radio station Ucnobi, which will be rebranded under the name Maestro.

As a result Giorgi Gachechiladze, co-founder of Ucnobi radio station, became 50% shareholder of the Maestro TV, the latter’s general director, Ilia Kakabadze, said in a statement.

Giorgi Gachechiladze, a singer with a nickname Ucnobi (unknown), was one of the key figures behind opposition’s lengthy street protest rallies in 2009 through his reality show on Maestro TV.

He is brother of Levan Gachechiladze, one of the leaders of the opposition Georgian Party.

One of the co-founder of the Georgian Party, among Levan Gachechiladze and some other opposition figures, is Erosi Kitsmarishvili, Georgia’s former ambassador to Russia and former co-owner of Rustavi 2 television stations.

Kitsmarishvili is a founder of Rustavi Media Management Company, which manages Maestro TV under the three-year contract signed in November, 2009.

Before the recent deal on merger, Maestro TV was co-owned by ten of its founders each holding 10% of shares. The TV station’s general director, Ilia Kakabadze, told Georgian media-related news website Media.ge that each of the Maestro TV co-owner handed over part of their shares “proportionally”.

In the statement Kakabadze said that the initial tentative deal, which aimed “at strengthening of freedom of speech”, was first made between Maestro TV and Ucnobi radio station back in 2006.

“Maestro TV and radio stations will remain objective and unbiased media outlets,” the statement reads.

Latest News
06 Mar.'15 20:33
President Calls on Govt to Present ‘Currency Stabilization Plan’
President’s adviser said the government failed to live up to its pledge to table the plan by March 5.
06 Mar.'15 17:58
Putin Endorses Draft Treaty on ‘Integration’ with Tskhinvali
Although largely similar with the one signed with Sokhumi, final draft is different in some clauses.
05 Mar.'15 18:07
PM Warns Mayors, Gamgebelis Against Delays in Infrastructure Projects
“Elected mayors and gamgebelis have a sense of being untouchable – they are wrong,” he said.
05 Mar.'15 15:53
Govt Agencies Instructed to Present Administrative Spending Cut Figures
Ministries and agencies will have to present spending cut scheme by March 16, Finance Minister said.
04 Mar.'15 23:40
IMF Assessments on Georgian Economy, Hit by ‘Severe External Shocks’
IMF hailed c.bank for refraining from intervening in the foreign exchange market.
04 Mar.'15 18:54
GD Blocks Parliamentary Probe into Sakdrisi
Most of the GD MPs refused to vote for composition of ad hoc investigative commission.
04 Mar.'15 17:54
U.S. Diplomat: Tbilisi Pursues ‘Thoughtful Strategy’ for its Security
“Georgia is doing everything it can and when time comes NATO will make appropriate decisions,” he said.
04 Mar.'15 14:42
PM Vows to Accomplish ‘Restoration of Justice’
“Lot has been done” for “restoration of justice,” but “many cases still remain to be investigated,” he said.
04 Mar.'15 11:21
Annual Inflation 1.3% in February
On monthly bases inflation stood at 0.1% in February.
03 Mar.'15 16:18
Breakaway Region’s Leader Discourages S.Ossetians From Going to Georgian Hospitals
Tibilov has again spoken out against S.Ossetian residents going to Georgia for medical treatment.

About Civil Georgia
Civil.Ge © 2001-2013, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
28