About Civil.ge
Eng | Geo | Rus
Last updated: 14:34 - 23 Oct.'16
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
23 Oct.'16 14:34
Repeat Elections in Four Precincts Go to Runoffs
UNM and GD candidates will compete in the second rounds in Marneuli and Zugdidi.
22 Oct.'16 20:39
Polls Closed, Vote Count Underway
Outcome of repeat elections will decide whether runoffs will be required in Marneuli and Zugdidi.
22 Oct.'16 14:11
CEC: Voter Turnout in Four Precincts by Noon
The highest voter turnout was recorded in precinct No.108 in the village of Jikhashkari by noon.
22 Oct.'16 11:00
Polls Open for Repeat Elections in Four Precincts
Repeat vote should decide whether races for Zugdidi and Marneuli majoritarian MP seats go into runoff.
21 Oct.'16 19:24
One Soldier Dead After Army Truck Overturns in Eastern Georgia
Accident occurred near the village of Bodbe when the truck was transporting 37 soldiers.
21 Oct.'16 13:50
Final Results of Adjara Elections
4 parties cleared threshold: GDDG - 45.13%; UNM - 29.62%; Burjanadze’s party - 5.89%, APG - 5.7%.
20 Oct.'16 19:10
Constitutional Court Elects New Chairman
Zaza Tavadze, who is a member of the Constitutional Court since 2010, took the chairmanship.
20 Oct.'16 14:29
Georgian, Russian Diplomats Meet in Prague
Russian MFA: “readiness to continue pragmatic course to gradually normalize” ties was reaffirmed.
20 Oct.'16 11:27
Georgia’s Foreign Trade in Jan-Sept. 2016
Foreign trade turnover declined 4.3% y/y, excluding one-off import of medicines.
19 Oct.'16 16:11
President Welcomes Proposal to Launch Group on Drafting Constitutional Amendments
President offers the group to be co-chaired by him, PM and parliament speaker.

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