About Civil.ge
Eng | Geo | Rus
Last updated: 17:46 - 27 May.'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
27 May.'15 17:46
Georgian Justice Minister Visits Ukraine
“The visit aims at deepening cooperation between the two countries,” the Georgian Justice Ministry said.
27 May.'15 13:40
Ex-UNM MPs Speak About Reasons Behind Quitting Party
UNM failed to “renew” itself to win back public’s confidence, four ex-UNM MPs said in a statement.
26 May.'15 17:08
Georgia Marks Independence Day
Independence Day was marked with festivities and outdoor events in Tbilisi and other parts of the country
26 May.'15 13:57
Defense Minister Visits Georgian Troops in Afghanistan
She marked the Independence Day together with Georgian soldiers in Afghanistan.
25 May.'15 21:13
Four MPs Quit UNM Opposition Party
This is the first time when high-profile members of UNM quit the party since 2012 elections.
25 May.'15 13:09
Business Associations Slam Bill on Banking Supervisory Agency
Business lobby groups have warned that the bill, if approved, will put banking sector in jeopardy.
24 May.'15 10:36
President’s Office Warns Against Bill on Banking Supervisory Agency
GD MP, who co-sponsored the bill, criticizes c.bank for “not reflecting interests” of ruling coalition.
23 May.'15 11:53
PM Garibashvili: ‘Riga Summit Success for Georgia’
Opposition says government failed to achieve desirable results from Riga summit.
22 May.'15 18:40
Georgia in Riga Summit Conclusions
“I’m very optimistic about liberalizing visa regimes for Ukraine and Georgia,” Juncker said.
22 May.'15 11:51
Preparations Underway for Marking Independence Day
Some of the central squares and streets will be closed to traffic in runup to and during events.

About Civil Georgia
Civil.Ge © 2001-2013, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
48