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.
Remnants of medieval wall dating back to 1041 unearthed in Břeclav
Former Huawei employees say client information was discussed at Chinese embassy
Prague flats most expensive in Central Europe, in terms of average earnings
Prague’s Žižkov TV Tower set for videomapping of Apollo 11 moon launch, landing
Gene Deitch, Part 1: The Oscar-winning US animator who made Tom and Jerry cartoons in communist Prague