About Civil.ge
Eng | Geo | Rus
Last updated: 18:04 - 27 Jun.'16
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 Jun.'16 18:04
President Re-Nominates Two Supreme Court Judge Candidates
Ex-deputy defense minister Anna Dolidze appointed as President’s parliamentary secretary.
27 Jun.'16 17:58
Georgia, EFTA Sign Free Trade Agreement
The agreement was signed on the sideline of Georgian PM’s visit to Switzerland on June 27.
27 Jun.'16 17:24
Minister Scraps Conscription for MoD, Drawing GDDG’s Criticism
The move does not mean an outright scrapping of the system as the decision applies only to MoD.
25 Jun.'16 14:53
Parliament Breaks for Summer Without Adopting Judicial Bills
The parliament has also failed to vote on several bills related to electoral system.
24 Jun.'16 19:42
Georgia’s PM on Brexit: ‘Regret, but Respect It’
“Now it’s time for self-reflection, as well as for consolidation and renewal,” PM Kvirikashvili said.
24 Jun.'16 12:57
EU, Georgia Sign Security of Information Agreement
The agreement is expected to enter into force by the end of 2016.
24 Jun.'16 11:33
Flood, Mudflows Damage Road in Dariali Gorge
It may take two weeks to restore the road linking Georgia and Russia, officials say.
23 Jun.'16 20:25
Traffic Closed in Dariali Gorge Amid Mudslide Fears
The area was hit by major landslides and mudflows twice in 2014.
23 Jun.'16 19:01
Reports: Abkhaz Court Orders House Arrest for Khurcha Fatal Shooting Suspect Pending Trial
Abkhaz border guard serviceman was charged with murder of Georgian citizen at Khurcha crossing point.
23 Jun.'16 12:29
BGEO Takes Over Tbilisi Water Utility Firm
Bank of Georgia’s holding company will pay USD 70m for remaining 75% shareholding.

About Civil Georgia
Civil.Ge © 2001-2016, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
58