Czech Media Invest buying radio assets from Lagardere

The Czech group Media Invest, which is co-owned and run by billionaire Daniel Křetinský, is buying radio assets in the Czech Republic, Slovakia, Poland and Romania from the French media group Lagardere.

In the Czech Republic they include Frekvence 1 and Evropa 2. Lagardere said the sales price of those radio assets was 73 million euros. The sale still has to be approved by the regulatory bodies in both countries.

Media Invest has so far focussed mainly on press assets, among them four dailies and over a dozen magazines.